Assume the Scenic Rivers Commission $($a federal agency$)$ began the fiscal year with the following account baSCENIC RIVERS COMMISSIONTrial BalanceOctober $1,2023$Fund Balance with TreasurySuppliesEquipmentAccumulated Depreciation..Accounts PayableWages PayableCumulative Results of OperationsDebits$$165,000108,0001,373,000$Credits$$1,646,000$$$485,000131,00087,000943,000$$$1,646,0001.$ Congress passed a spending bill providing $$14,700,000$ to fund the agency's operations for the year$\mathrm{.}2.$ During the first quarter, the commission processed $($accounts payable$)$ the following items for payment.Supplies EquipmentContracted servicesTotal$259,000509,0001,750,000$$$2,518,0003.$ The commission processed wages and benefits through wages payable in the amount of $$712,000\mathrm{.}4.$ Unexpended appropriations were reclassified to expended appropriations for the items above$\mathrm{.}5.$ Accounts payable of $$2,560,000$ and wages payable of $$722,000$ were paid by Treasury$\mathrm{.}6.$ Unused supplies on hand totaled $$203,000$ at December $31\mathrm{.}7.$ Depreciation for the quarter is $$81,000.$Required:a$.$ 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 $31.$c$.$ Prepare a Balance Sheet as of December $31.$Answer is not complete.