4-2 . For the following scenario: a) calculate the Change in Purchased Feed Inventory and the Change in Crop Inventory, b) prepare the journal entries for the adjustments, and c) indicate the effects on the income statement for purchased feed, raised feed, and raised crops. Steve and Chris harvested a grain crop in July and sold part of it for $13,500. The Farmers stored the rest of the crop, valued at $5,500 at the end of the year. They had no stored crop on hand at the beginning of the year. The Farmers completed the harvest of hay for their cow herd on August 1, and the value of the hay is $4,500 at harvest time. At the end of the year, they determined that $2,300 worth of that hay is still on hand on December 31 when they are preparing financial statements. Steve and Chris had no raised feed on hand at the beginning of the year. The Farmers purchased pelleted feed for $2,000 and salt and mineral blocks for $350 on October 15. This purchase was paid for on the day it was purchased and was recorded in the Purchased Feed account. The Farmers determined that the pelleted feed on hand at the end of the year cost approximately $500 and the salt and mineral blocks on hand cost approximately $250. The Farmers had no purchased feed on hand at the beginning of the year