Answer Happy

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 anset, net, business-type activities Accounts payable, governmental activities Accounts payable, business-type activities General obligation bonds, governmental activities Revenue bonds, busness-type activities Long-tern liability for conpensated aboences, governmental activities $ 420,000 884,000 498,000 1,471,000 576,000 14,953,000 7,864,000 719,000 619,000 3,637,000 3,554,000 390,000 From the preceding Information, prepare a statement of Net Position for the City of Southern Springs as of April 30, 2020. Assume that outstanding bonds were issued to acquire capital assets and restricted assets total $613,000 for governmental activities and $210,000 for business-type activities. (Negative amounts should be indicated by a minus sign)

CITY OF SOUTHERN SPRINGS Statement of Net Position As of April 30, 2020 Governmental Activities Business-Type Activities Total Assets: Total Assets Liabilities: Total Liabilities Net Position: Total Net Position