The Mosqulto 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 avallable 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 wlth a minus

slgn$.)$