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 $ 730,000 Supplies 105,000 Equipment 1,350,000 Accumulated Depreciation $ 480,000 Accounts Payable 126,000 Wages Payable 79,000 Cumulative Results of Operations 1,500,000 $2,185,000 $2,185,000 1. Congress passed a spending bill providing $16,000,000 to fund the agency's 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 Wages payable Salaries and benefits Supplies Contracted services Grants Equipment Total $ 126,000 79,000 495,000 500,000 1,000,000 900,000 500,000 $3,600,000 3. Unpaid wages at the end of the quarter totaled $35,000. 4. In addition to the items paid in item 2, the commission received supplies of $12,000 and contracted services of $70,000 that are to be processed for payment in January. 5. Unused supplies on hand totaled $214,000 at December 31. 6. Depreciation for the quarter is $60,000. 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 $3,909,000.) c. Prepare a Balance Sheet as of December 31