4. Following is information about the breeding livestock I have on my farm. Use this information to answer the questions that follow. o Base value: $1,200/cow o Average purchase price for cows: $1,000/cow o Total accumulated depreciation on cows = $400/Cow o Current market value of cows = $1,500 Inventory: Raised cows Inventory 350 Purchased cows 100 a. Complete the following entries in the balance sheet with respect to breeding livestock Cost Basis Market Basis Raised Breeding Livestock Purchased Breeding Livestock