ASSIGN THE FOLLOWING REVENUE EXPENSE CATEGORIES TO THE APPROPRIATE LOCATION IN A PARTIAL BUDGET.

Wilson has been having his 200 tonnes of hay custom-baled for $24 per tonne. However, he thinks that his surplus labour can be better utilized, and he found a good used baler for $44,000 and operates it at $15 per tonne (including power) Wilson estimates the annual fixed costs of the baler to be $6900. Wilson can also bale another 100 tonnes at $24 per tonne for his neighbor.

Create a partial budget for Wilson allocating the revenues and expenses to the correct location.