Question: please show all work per chegg guidelines this is all one question. 12 points Save Answer Howard City operates a water utility fund as an

please show all work per chegg guidelines this is all one question.

please show all work per chegg guidelines this is all one question.

12 points Save Answer Howard City operates a water utility fund as an enterprise fund. You are provided with the following information for year 2021: 1. The beginning net position balances are net investment in capital assets, $450,000; restricted $5,000; and unrestricted, $360,000. 2. Bonds in the amount of $120,000 were issued and immediately used to acquire capital assets from the bond proceeds at a cost of $120,000. At the end of year, depreciation on the assets was $3,000. The enterprise fund also had paid back $30,000 of the debt principal 3. Cash receipts for customer deposits totaled $2,000 for the year. 4. Additional depreciation totaled $10,000. 5. Net income for year 2021 was $180,000 (Note: this amount includes any item that needs to be included in net income from 2. to 4. above) Required: Compute the following items as of December 31, 2021: 1. Net position --- net investment in capital assets 2. Net position --- restricted 3. Net position --- unrestricted

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