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A farmer reports the following financial information for last year's operation! Category 100,000 Current assets. Net worth, end of the year. 100,000 Depreciation .10,000 Operating

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A farmer reports the following financial information for last year's operation! Category 100,000 Current assets. Net worth, end of the year. 100,000 Depreciation .10,000 Operating expenses .30,000 3 Ratio of total liabilities to net worth Proprietor withdrawals. 25,000 Change in inventory 15,000 Capital purchases. 20,000 Operating receipts. 100,000 Noncurrent assets. 200,000 Current liabilities 50,000 Use the information to formulate an annual income statement . Complete the year-end balance sheet. Assets Liabilities and Net Worth Current Current Noncurrent Noncurrent Net worth Total Total C Indicate the beginning-of-year net worth

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