The following information is available for the preparation of the government-wide financial statements for the...

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Accounting

  1. The following information is available for the preparation of the government-wide financial statements for the city of Southern Springs as of April 30, 2020:
    Cash and cash equivalents, governmental activities $ 4,050,000
    Cash and cash equivalents, business-type activities 880,000
    Receivables, governmental activities 650,000
    Receivables, business-type activities 1,130,000
    Inventories, business-type activities 520,000
    Capital assets, net, governmental activities 10,600,000
    Capital assets, net, business-type activities 11,350,000
    Accounts payable, governmental activities 550,000
    Accounts payable, business-type activities 659,000
    Noncurrent liabilities, governmental activities 5,550,000
    Noncurrent liabilities, business-type activities 3,210,000
    Net position, net investment in capital assets, governmental activities 5,050,000
    Net position, net investment in capital assets, business-type activities 8,140,000
    Net position, restricted for debt service, governmental activities 754,000
    Net position, restricted for debt service, business-type activities 223,000

    From the preceding information, prepare, in good form, a Statement of Net Position for the city of Southern Springs as of April 30, 2020. Calculate and include the unrestricted net position. Include a total column.

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