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It is 12/31/2020 and Oakland Farms needs to do their end of year adjustments for 2020. The adjustments they need to complete are: A) Oakland Farms had cash sales of $104,000 market livestock during 2020. During 2020, they purchased $47,000 worth of feeder steers. At the end of the year (12/31/2020) they had $46,000 of purchased feeder steers on hand. At the beginning of the year they had $38,000 of purchased feeder steers in inventory. They have no raised animals on their farm. (20 pts) B Oakland Farms harvested $175,000 of feed corn during 2020. They sold $25,000 of feed to a neighbor but intend to use the rest as feed for their dairy cows. On 12/31/2020, the farm had $128,000 of raised feed corn on hand. At the beginning of the year they had $135,000 of raised feed corn on hand. (20 pts) C) Oakland Farms purchased a one-year insurance policy for $24,000 on July 1, 2020. At the beginning of the year they had $10,000 in Prepaid Expenses for insurance. (20 pts) D) Oakland Farms had cash sales of $104,000 market livestock during 2020. They determine that one of their cattle buyers still owes them $8,000 as of 12/31/2020. At the beginning of the year their Accounts Receivable balance was $11,000. (20 pts) For each end-of-year accrual adjustment, 1) calculate the necessary adjustment, 2) complete the related journal entry, 3) complete the income statement adjustment, and 4) show the proper balance sheet entry for the relevant account. Please note: you may not need all the information provided in a particular problem to properly complete the end of year adjustment. This is intended to test your intuition and critical thinking skills