1213 Using the following income statement, compute subtotals and totals and then conduct the following financial analysis. Show your work for the ratios! (20pts for I.S. blanks, 18pts for Fin.Analysis)(38ptstotal) Revenue Cash crop sales Market livestock sales Livestock product sales Raised breeding livestock sales Gain or loss on purchased breeding livestock sales Government program and crop insurance payments Other farm income 395,000 75,500 2,500 12,000 - 1,500 21,000 13,400 -1,000 - 1,500 Adjustments: Change in crop inventories Change in crop accounts receivable Change in market livestock inventories Change in livestock accounts receivable Change in base value of raised breeding livestock Increase/decrease in other accounts receivable 400 1,000 Gross revenue Expenses: Purchased feed and grain Purchased market livestock 23,000 Other cash operating expenses: Crop expenses Livestock expenses Fuel, oil Labor Repairs, maintenance Property taxes General farm insurance Crop insurance Cash land rent Other: utilities 172,000 30,200 23,410 0 24,000 7,420 8,300 17,120 41,200 5,400 ang 2020 - Saved to this PC Mailings Review View Search Table Design Help Layout 550 650 Adjustments: Change in feed inventories Change in accounts payable Change in accrued expenses Change in prepaid expenses Change in unused supplies Change in investment in growing crops -600 -1,500 -7,000 6,500 35,500 Depreciation expense 35,500 Total operating expenses Income from operations 7,000 -500 22,000 120 Other revenue and expenses: Cash interest paid on current loans Change in accrued interest on current loans Cash interest paid on noncurrent loans Change in accrued interest on noncurrent loans Total interest expense Gain or loss on sale of capital assets: Machinery Land Other 1,500 0 Net farm income I Unpaid Input Opportunity Cost of All unpaid Labor Opportunity Cost of Management Opportunity Cost of Equity Capital $51,500 $18,000 $65,000 ROA