Assume the Federal Interstate Commission began the fiscal year with the following account balances: 1. Congress passed a spending bill providing $16,300,000 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). 3. Unpaid wages at the end of the quarter totaled $28,000. 4. In addition to the items paid in item 2, the commission received supplies of $15,000 and contracted services of $73,000 that are to be processed for payment in January. 5. Unused supplies on hand totaled $220,000 at December 31. 6. Depreciation for the quarter is $66,000 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 $3,924,000 ) c. Prepare a Balance Sheet as of December 31 . Prepare a Statement of Changes in Net Position for the quarter ended December 31. (Assume the amount of appropriations used is $3,924,000.) (Deductions should Fre entered with a minus sign.)