Reference no: EM132740611
Question - The following information is available for the preparation of the government-wide financial statements of the City of Aurora as of June 30, 2017:
Accounts payable, business activities $240,000
Accounts payable, governmental activities 610,000
Capital assets, net, business activities 10,300,000
Capital assets, net, governmental activities 10,400,000
Cash and cash equivalents, business activities 1,900,000
Cash and cash equivalents, governmental activities 1,600,000
Inventories, business activities 600,000
Net Position, restricted for debt service, business activities 640,000
Net Position, restricted for debt service, governmental activities 930,000
Net Position, net investment in capital assets, business activities 4,760,000
Net Position, net investment in capital assets,, governmental activities 7,050,000
Noncurrent liabilities, business activities 5,190,000
Noncurrent liabilities, governmental activities 3,150,000
Receivables, business activities 1,430,000
Receivables, governmental activities 400,000
Assume all long-term liabilities were incurred in the acquisition of capital assets.
Required - From the information given above, prepare, in good form, a Statement of Net Position for the City of Aurora as of June 30, 2017. Include the unrestricted net position, which is to be computed from the information presented above. Include a total column. Aurora has no component units.