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During 2017, 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 for 2017: 1. The beginning net position balances are: net investment in capital assets, $680,500; restricted, $0; and unrestricted, $1,356,087. 2. Net income for the year was $162,927. 3. Depreciation expense totaled $54,056. 4. A piece of equipment with a carrying value of $26,600 was sold for $25,500. 5. 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 $248,278. 6. A $15,016 principal payment was made on a capital lease. 7. A new Zamboni ice resurfacing machine was purchased for $300,000. At the end of the year, a $30,500 note associated with the machine remains outstanding. Required Prepare the net position section of Falmouth's 2017 statement of net position TIPI DICTIC pualui Luvil UI DIUUU 5 2018 Salement UI EL PUS TOWN OF FALMOUTH Skating Rink Enterprise Fund Partial Statement of Net Position As of December 31, 2017 Net Position: Net Position-Net Investment in Capital Assets Net Position-Restricted Net Position-Unrestricted Total Net Position

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