P13-1(Reporting Equity) Prepare the net position section for governmental activities in the government-wide Statement of Net Position for the city of Josiah at June 30, 20X6, given the following information as of that date.

General Fund Committed Fund Balances

$ 2,000,000

General Fund Assigned Fund Balance

3,500,000

General Fund Unassigned Fund Balance

2,500,000

Total Special Revenue Funds Restricted Fund Balances

2,000,000

Capital Projects Funds Restricted Fund Balances*

400,000

Capital Projects Funds Assigned Fund Balances

400,000

Total Debt Service Funds Restricted Fund Balances

2,000,000

General capital assets

12,000,000

Accumulated depreciation on general capital assets

5,000,000

Deferred outflows of resources:

Deferred refunding amount (capital-asset-related)

70,000

General long-term liabilities:

Bonds payable (capital-asset-related)

3,000,000

Long-term claims and judgments payable

1,750,000

Long-term compensated absences payable

750,000

Internal Service Funds (serving only general government departments):

Total assets (30% capital assets)

3,000,000

Total liabilities (25% capital-asset-related debt)

1,100,000

Total equity

1,900,000

*$300,000 is unexpended bond proceeds.