Assume the Scenic Rivers Commission $($a federal agency$)$ began the fiscal year with the following account balances:

Congress passed a spending bill providing $$14,400,000$ to fund the agency's operations for the year.

During the first quarter, the commission processed $($accounts payable$)$ the following items for payment.

$\backslash$table$[[$Supplies$,249,000],[$Equipment$,507,000],[$Contracted services,$1,700,000$

c$.$ Prepare a Balance Sheet as of December $31.$

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Prepare a Statement of Changes in Net Position for the quarter ended December $31.$

Note: Deductions should be entered with a minus sign.

$\backslash$table$[[\backslash$table$[[$SCENIC RIVERS COMMISSION$],[$Statement of Changes in Net Position$]]],[$For the Quarter Ended December $31,2024],[,\backslash$table$[[$Cumulative$],[$Results of$],[$Operations$]],\backslash$table$[[$Unexpended$],[$Appropriations$]]],[$Beginning Balance$],[$Appropriations Received,$14,400,000,],[$Appropriations Used,,$2,456,000$