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 $ 5,000,000 2,500,000 $1,500,000 $1,000,000 5,000,000 1,600,000 500,000 720,000 2,820,000 18,000 30,000 25,000 73,000 156,000 357,000 136,000 649,000 107,000 355,000 120,000 582,000 35,000 77,0008,000 120,000 850,000 500,000 37,000 1,387,000 225,000 225,000 Required: Prepare a Statement of Net Cost for the quarter ended December 31. (Deductions should be entered with a minus sign)

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