#3. Use the following information to calculate value of farm production total form operative expenses, interest expense, net farm income from operations and owner equity suide 12 income statement Crop sales of new crop Crop sales of old crop Change in crop inventory from Jan. 2010 to Dec 2010 Change in accounts payable from Jan, 2010 10 Dec 2010 Change in accounts receivable from Jan. 2010 to Dec 2010 Government payments received in 2010 Market livestock purchases Feed purchases Cash paid for operating expenses Change in prepaid expenses from Jan. 2010 to Dec. 2010 Cash paid for interest expense Changes in noncurrent deferred taxes 59000 $35.000 -$15.000 -$ 7,500 $20,400 $12,500 $ 3.000 $25.000 $75.000 -$ 2,000 $10,000 -S -$ 3.000 $12.500 $22,500 $20.000 $32.000 $325,000 Changes in accrued interest Depreciation Family living withdrawals Net Income Valuation changes of all capital assets Owner equity on Jan. 1, 2010 (A). Complete the following table to calculate value of farm production. (8 points) $ 90,000 Farm Revenue Crop sales of new crop Crop sales of old crop Change in crop inventory from Jan. 2010 to Dec. 2010 Change in accounts receivable Government payments received Gross Revenue Less: Market livestock purchases Less: Feed purchases Value of Farm Production