CITY OF DALTON PARKING FACILILTIES FUND STATEMENT OF NET POSITION

17. Please complete the following financial statements. (6 points)CITY OF DALTONPARKING FACILILTIES FUNDSTATEMENT OF NET POSITIONAS OF DECEMBER 31, 2011ASSETS:CURRENT ASSETS:CASH$ 1,862,490ACCOUNTS RECEIVABLE (NET OF $72IN ALLOWANCE FOR DOUBTFUL ACCOUNTS)3,535TOTAL CURRENT ASSETS$ 1,866,025CAPITAL ASSETS:LAND3,500,000BUILDINGS AND EQUIPMENT$21,000,000LESS: ALLOWANCE FOR DEPRECIATION(5,000,000)16,000,000TOTAL CAPITAL ASSETS19,500,000TOTAL ASSETS21,366.025LIABILITIES:CURRENT LIABILITIES:ACCOUNTS & ACCRUED PAYABLES892,1556-MONTH NOTE PAYABLE360,000TOTAL CURRENT LIABILITIES1,252,155NONCURRENT LIABILITIES:BONDS PAYABLE11,000,000TOTAL LIABILITIES12,252,155NET POSITION:INVESTMENT IN CAPITAL ASSETS?RESTRICTED500,000UNRESTRICTED?___TOTAL NET POSITIONNote: The bond payable is for acquisition of capital assets$9,113,870