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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:

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The beginning net position balances are net investment in capital assets, $$681,300$; restricted for renovation of the check$-$in stand, $$0$; and unrestricted, $$1,357,682.$

Net income for the year was $$163,119.$

Depreciation expense totaled $$54,120.$

A piece of equipment with a carrying value of $$27,100$ was sold for $$26,000.$

Bonds for $$500,000$ were issued to construct a new pro shop. At the end of the year, the shop was partially complete, and construction work in progress totaled $$248,595.$

A $$15,035$ principal payment was made on a lease obligation.

A new golf ball retrieving machine was purchased for $$350,000.$ At the end of the year, a $$31,000$ note associated with the machine remains outstanding.

The check$-$in stand was completed for $$53,100$ of construction costs incurred this year.

Required

Prepare the net position section of Mashpee's statement of net position.

$\backslash$table$[[$TOWN OF MASHPEE$],[$Golf Enterprise Fund,$],[$Partial Statement of Net Position$],[$As of Year End,$],[$Net Position:,$],[$Net Position $-$ Net Investment In Capital Assets,$],[$Net Position$-$Restricted,$],[$Net Position $$ Unrestricted,$],[$Total Net Position,$]]$

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