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Eastern State University, a Public University, Had the Following Account

question 13

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Eastern State University, a public university, had the following account balances as of June 30, 2017. Debits are not distinguished from credits, so assume all accounts have a "normal" balance i.e. cash is a debit and accounts payable a credit)
 Accounts payable 535,000 Accounts receivable net) 435,000 Capital assets, net of depreciation 7,410,000 Cash ard cash equivalents 215,000 Cash and cash equivalents - restricted noncurrent) 240,000 Deferred revenue-current 325,000 General obligation bonds payable - current portion related to  capital acquisition) 390,000 General obligation bonds payable related to capital acquisition) 2,500,000 Irvertories 700,000 Irvestments - Endownent 4,200,000 Irvestments Long-term 1,500,000 Irvestments Short-term -urirestricted 900,000 Net Position–restricted-expendable 1,300,000 Net Position–restricted-nonexpendable 4,440,000 Revenue bonds payable related to capital acquisition) 2,900,000 Net Position ?????????\begin{array} { l r } \text { Accounts payable } & 535,000 \\\text { Accounts receivable net) } & 435,000 \\\text { Capital assets, net of depreciation } & 7,410,000 \\\text { Cash ard cash equivalents } & 215,000 \\\text { Cash and cash equivalents - restricted noncurrent) } & 240,000 \\\text { Deferred revenue-current } & 325,000 \\\text { General obligation bonds payable - current portion related to } & \\\text { capital acquisition) } & 390,000 \\\text { General obligation bonds payable related to capital acquisition) } & 2,500,000 \\\text { Irvertories } & 700,000 \\\text { Irvestments - Endownent } & 4,200,000 \\\text { Irvestments Long-term } & 1,500,000 \\\text { Irvestments Short-term -urirestricted } & 900,000 \\\text { Net Position--restricted-expendable } & 1,300,000 \\\text { Net Position--restricted-nonexpendable } & 4,440,000 \\\text { Revenue bonds payable related to capital acquisition) } & 2,900,000 \\\text { Net Position } &?????????\end{array}
Required: Prepare, in good form, a Statement of Net Position for Eastern State University as of June 30, 2017.

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Definitions:

Gymnosperms

A group of seed-producing plants that includes conifers, cycads, Ginkgo, and gnetophytes, distinguished by their naked seeds not enclosed in an ovary.

Rhizoids

Hair-like structures on the surface of plants, fungi, and algae that absorb water and nutrients and anchor the organism to the substrate.

Mosses

Small, non-vascular plants that typically form dense green clumps or mats, often in moist or shady locations.

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes through mitosis.

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