Assume the Federal Interstate Commission began the fiscal year with the following account balances:

FEDERAL INTERSTATE COMMISSION
Trial Balance
October 1, 2020
	Debits			Credits
Fund Balance with Treasury	$	860,000
Supplies		112,000
Equipment		1,385,000
Accumulated Depreciation				$	489,000
Accounts Payable					135,000
Wages Payable					95,000
Cumulative Results of Operations					1,638,000
	$	2,357,000		$	2,357,000

1. Congress passed a spending bill providing $17,700,000 to fund the agencys operations for the year.
2. During the first quarter the commission processed the following items for payment (all items were paid by Treasury in the first quarter).

Accounts payable	$	135,000
Wages payable		95,000
Salaries and benefits		512,000
Supplies		534,000
Contracted services		2,700,000
Grants		1,070,000
Equipment		670,000
Total	$	5,716,000

3. Unpaid wages at the end of the quarter totaled $42,000.
4. In addition to the items paid in item 2, the commission received supplies of $29,000 and contracted services of $87,000 that are to be processed for payment in January.
5. Unused supplies on hand totaled $248,000 at December 31.
6. Depreciation for the quarter is $94,000.

Required: a. Prepare journal entries in the proprietary accounts for the events described above. b. Prepare a Statement of Changes in Net Position for the quarter ended December 31. (Assume the amount of appropriations used is $3,994,000.) c. Prepare a Balance Sheet as of December 31.