please fill in the blanks and correct the incorrect. write it in the same format. Exercise 8.7 (Algo) The following information Is avallable for the preparation of the government-wide financial statements for the Clity of Southern Springs as of Aprll 30, 2020: \table[[Cash and cash equivalents, governnental activities,410,690],[Cash and cash equivalents, business-type activities,863,990],[Receivables, goverrmental activities,486,090],[Receivables, business-type activities,1,436, e9e],[Inventories, business-type activities,562,090],[Capital assets, net, governmental activities,14,590,090],[Capital assets, net, business-type activities,7,673,090],[Accounts payable, governmental activities,702,090],[Accounts payable, business-type activities,604,990],[General obligation bonds, governmental activities,8,428,090],[Revenue bonds, business-type activities,3,468,090],[Long-tern liability for compensated absences, governnental activities,388,990]] 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
$598,000
for governmental actlvitles and
$205,000
for business-type activitles. (Negatlve amounts should be indicated by a minus sign) Answer is not complete. \table[[CITY OF SOUTHERN SPRINGS],[Statement of Net Position],[As of April 30,2020],[,,\table[[Governmental],[Activities]],\table[[Business-Type],[Activities]],Total],[Assets:],[Cash and Cash Equivalents,0 :,410,000,863,0000,S 1,273,000],[Receivables,\theta ,486,000,1,436,000◯,1,922,000],[Inventories,0,,582,000◯,562,000],[Capital Assets, Net,\theta ,14,590,0000,7,673,0000,22,263,000],[,,,0],[Total Assets,,15,486,000,10,534,000,26,020,000],[Liabilities:],[Accounts Payable,\theta ,702,000◯,604,000◯,1,306,000],[Bonds Payable,0,8,428,000,,8,428,000],[Receivables,x,,3,468,000ox,3,468,000],[Compensated Absences Payable,0,388,0000,,388,000],[Total Liabilities,,9,518,000,4,072,000,13,590,000],[Net Position:],[,,,,0],[Restricted,\theta ,598,000,205,000◯,803,000],[Unrestricted,0,5,370,000⊛,6,257,000ox,11,627,000],[,,,0],[Total Net Position,,5,988,000,6,482,000,$12,430,000]]