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.

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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