Exercise 7-23 (Algo) Net Position Classifications [LO 7-5] During the current year, the Town of Mashpee had a number of transactions that affected net position of its town golf course, which is operated as an enterprise fund. You are provided with the following information: 1. The beginning net position balances are net investment in capital assets, $681,000; restricted for renovation of the check-in stand, SO, and unrestricted, $1,357,084 2. Net income for the year was $163,047 3. Depreciation expense totaled $54,096. 4. A piece of equipment with a carrying value of $26,900 was sold for $25,800. 5. Bonds for $500,000 were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $248,476 6. A $15,028 principal payment was made on a lease obligation 7. A new golf ball retrieving machine was purchased for $330,000. At the end of the year, a $30,800 note associated with the machine remains outstanding 8. The check-in stand was completed for $52.900 of construction costs incurred this year. Required Prepare the net position section of Mashpee's statement of net position.