The ABC Agency, a unit of the Department of State, was established October 1, 2021. It is financed by an appropriation from Congress. Following are the transactions of the agency during October 2021:

October 1 The agency received a certified copy of an appropriation warrant from the Department of the Treasury for $900,000.

October 1 The entire appropriation of $900,000 was apportioned by the OMB.

October 1 Of the amount apportioned, $450,000 was allotted to the agency by the Department of State to finance its October operations.

October 4 The agency ordered equipment at an estimated cost of $275,000.

October 14 The equipment arrived, together with an invoice for $300,000. The equipment was accepted at the price charged, because the contract permitted a 10 percent cost overrun.

October 24 The agency sent a disbursement schedule to Treasury requesting payment of the following items.

Equipment $300,000

Salaries 75,000

Utilities 20,000

October 27 Treasury notified the agency that all items on the disbursement schedule had been paid.

October 31 The agency recorded depreciation of $5,000 on the equipment.

October 31 The agency accrued $50,000 unpaid salaries for October.

Use the preceding information to

1. Prepare a balance sheet
2. Prepare a statement of net costs
3. Prepare a statement of changes in net position
4. Prepare a statement of budgetary resources