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9–5. Southern State University had the following account balances as of June 30, 2012. Debits are not distinguished from credits, so assume all accounts have a

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9–5. Southern State University had the following account balances as of June 30,
2012. Debits are not distinguished from credits, so assume all accounts have a
“normal” balance:

Accounts receivable $ 325,000
Accounts payable 265,000
Cash and cash equivalents 154,000
Deferred revenue—current 220,000
Endowment investments 6,123,000
General obligation bonds payable (related to capital acquisition) 1,250,000
Inventories 333,000
Short-term investments—unrestricted 1,444,000
Net assets—restricted—nonexpendable 6,123,000
Restricted cash and cash equivalents 92,000
Capital assets, net of depreciation 7,226,000
Revenue bonds payable (related to capital acquisition) 2,200,000
Long-term investments 1,683,000
Long-term liabilities—current portion (related to capital acquisition) 200,000
Net assets—restricted—expendable 1,775,000
Net assets—invested in capital assets, net of related debt ?
Net assets—unrestricted ?

Required:
Prepare, in good form, a Statement of Net Assets for Southern State University
as of June 30, 2012.

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