During the current year, the town of falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. you are provided with the following information:
the beginning net position balances are net investment in capital assets, $679,800; restricted, $0; and unrestricted, $1,354,692.
net income for the year was $162,759.
depreciation expense totaled $54,000.
a piece of equipment with a carrying value of $26,100 was sold for $25,000.
bonds for $500,000 were issued to construct a concession stand at the rink. at the end of the year, the concession stand was 50 percent complete, and construction work in progress totaled $248,000.
a $15,000 principal payment was made on a lease obligation.
a new zamboni ice resurfacing machine was purchased for $250,000. at the end of the year, a $30,000 note associated with the machine remains outstanding.
required
prepare the net position section of falmouth's current year statement of net position.