26. Using the following information, fill in the Partial Budget and answer the two questions at the end. ( 10 points) Ike Irrigator needs your help. He's considering switching from dryland corn to irrigated com. Ike currently farms 1000 acres of dryland corn and would convert the whole 1000 acres. All other variable inputs remain unchanged, except, of course, interest on operating capital. Calculate variable interest at 5% for 6 months. Information on Irrigation equipment: Original cost $800,000; Salvage value 50,000 . Useful life 10 years. Calculate straight line depreciation. Calculate fixed interest charge at 5% on the average value of the equipment. There are no taxes or insurance on the equipment. No separate irrigation variable costs. Problem: irrigated versus dryland Reduced Revenue: Additional Revenue: A. Total additional costs B. Total additional revenue and reduced revenue and reduced costs Net change in Profit