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, 2017):

	Government Coordination					Research			Public Education			Total
Apportionments from OMB												$	7,350,000
Allotmentsfirst quarter		$	3,200,000			$	2,488,000		$	1,662,000			7,350,000
Salaries paid			1,920,000				995,000			1,197,000			4,112,000
Accrued salaries payable			39,000				50,000			29,000			118,000
Supplies ordered and received			244,000				595,000			219,000			1,058,000
Supplies used			175,000				591,000			194,000			960,000
Depreciation			58,000				128,000			13,000			199,000
Equipment purchases			1,410,000				831,000			60,000			2,301,000
Program revenue: Charges for service										195,000			195,000

Required: Prepare a Statement of Net Cost for the quarter ended December 31. (Deductions should be entered with a minus sign.)