Question: I am not sure what I am missing here...Please help and explain. Thanks in advance! 1 Exercise 2-7 (Algo) 2 points The following information is

 I am not sure what I am missing here...Please help and

I am not sure what I am missing here...Please help and explain. Thanks in advance!

1 Exercise 2-7 (Algo) 2 points 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 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 Noncurrent liabilities, governmental activities Noncurrent liabilities, business-type activities Net position, net investment in capital assets, governmental activities Net position, net investment in capital assets, business-type activities Net position, restricted for debt service, governmental activities Net position, restricted for debt service, business-type activities $ 3,510, eee 802, eee 593,800 1,214,000 475, ee 9,683,899 10,368,888 594,690 683,800 4,986, eee 2,936, 800 4,697,600 7,432,600 699,00 284,800 From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30. 2020. (Calculate and Include the unrestricted net position.) Answer is not complete. CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Business- Type Activities Activities Total Assets: Cash and Cash Equivalents Receivables Is IS 3.510.000 593.000 OOOO 802.000 1,214,000 475,000 10.368,000 Inventories Capital Assets, Net $ 4,312,000 1.807.000 475,000 20.051,000 0 $ 26,645,000 9.683.000 $ 13.786.000 $ 12,850,000 Total Assets Liabilities: Accounts Payable Noncurrent Liabilities IS S 594.000 4.986.000 603,000 2,936,000 $ 1,197,000 7,922.000 0 IS 5,580,000 S 3,539,000 $ 9, 119,000 Total Liabilities Net position: Net Investment in Capital Assets Restricted for Debt Service $ S 4,697,000 690.000 7,432,000 204,000 $ 12, 129,000 894,000 0 0 Total Net Position $ 5.387.000 S 7,636,000 $ 13,023,000

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