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): Government Public Coordination Research Education Total Apportionments from GMB 55,000,000 Allotments-first quarter $2,500,000 $1,500,000 $1,000,000 5, 208, ea Salaries paid 1,600,000 500,000 720,000 2,820,000 Accrued salaries payable 18,000 30, eee 25,000 73,000 Supplies ordered and received 156,000 357,000 136,080 649.000 Supplies used 107.000 355,000 120,000 582,00 Depreciation 35,000 77,000 8,000 120,000 Equipment purchases 850,000 500.000 37,000 1,387,000 Program revenues Charges for service 225,000 225,000 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 Strategie Goal Coordinata State Government Abatement Programs Total Gross Cost Conduct Research on Mosquito Abatement Total Groun Cost Promote Abatement Through Public Education Total Gross Cool Not Cost 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 0 Net Cost Total Entity Total Gross Program Cost Less: Program Revenues Net Cost (Income) from Operations