The Mosquito Abatement Commission is a newly organized federal agency with three primary programs: coordinating state government abatement functions, conducting research on mosquito abatement, and promoting abatement through public education. The following information is available at the end of the first quarter (December 31, 2020): Apportionments from OMB Allotments-first quarter Salaries paid Accrued salaries payable Supplies ordered and received Supplies used Depreciation Equipment purchases Program revenue: Charges for service Government Public Coordination Research Education Total $7,925,000 $3,500,000 $2,659,000 $1,766,000 7,925,000 2,100,000 1,063,000 1,272,000 4,435,000 42,000 53,000 31,000 126,000 263,000 631,000 234,000 1,128,000 186,000 627,000 207,000 1,020,000 62,000 1,507,000 136,000 14,000 212,000 883,000 65,000 2,455,000 211,000 211,000 Required: Prepare a Statement of Net Cost for the quarter ended December 31. (Deductions should be entered with a minus sign.) MOSQUITO ABATEMENT COMMISSION Statement of Net Cost For the Quarter Ended December 31, 2020 Costs by Strategic Goal Coordinate State Government Abatement Programs Total Gross Cost Conduct Research on Mosquito Abatement Total Gross Cost Promote Abatement Through Public Education Total Gross Cost Less: Program Revenues Net Cost Total Entity (211,000) (211,000) Total Gross Program Cost Less: Program Revenues (211,000) Net Cost (Income) from Operations (211,000)