Help Save & Exit Sub Check my wo QE 8-7 Statement of Net Position The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2017 Cash and cash equivalents, governmental activities Cash and cash equivalents, business-type activities Receivables, governmental activities Receivables, business-type activities Inventories, business-type activities Capital assets, net, governmental activities Capital assets, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities General obligation bonds, governmental activities Revenue bonds, business-type activities Long-term liability for compensated absences, governmental activities 380,000 800,800 450,000 1,338,888 520,000 13,508,888 7,100,000 650,000 559,800 7,880,000 3,210,000 359,899 Required: From the preceding information, prepare a statement of Net Position for the City of Southern Springs as of April 30, 2017. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $554,000 for governmental activities and $190,000 for business-type activities. (Negative amounts should be indicated by a minus sign.) search HI CITY OF SOUTHERN SPRINGS Statement of Net Position April 30, 2017 Governmental Activities Business-lype Activities Total Assets: Total Assets Liabilities: Total Liabilities Net Position: n ii a 2. 9 * H Total Assets Liabilities: OOC ooooool Total Liabilities Net Position: Ooo - Total Net Position search