Question - 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, $679,800; restricted, $0; and unrestricted, $1,354,692.

2. Net income for the year was $162,759.

3. Depreciation expense totaled $54,000.

4. A piece of equipment with a carrying value of $26,100 was sold for $25,000.

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 $248,000.

6. A $15,000 principal payment was made on a capital lease.

7. 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 2017 statement of net position.