Calculate the amount of the adjustments for each of the following situations. The value of the Farmers' raised crop (still in storage at the end of the year) was $105,500. They had a stored crop on hand at the beginning of the year with a value of $108,000. a. b. The Farmers raised hay during the year and the value of the hay is $4,500 on hand on December 31. The raised feed on hand at the beginning of the year had a value of $2,500. c. The Farmers purchased pelleted feed for $2,000 and salt and mineral blocks for $350 on December 15. All of it was still on hand at the end of the year. This purchase was not paid for by December 31. The Farmers had purchased feed on hand at the beginning of the year with the following costs: pelleted feed,$1000; and grain, $500. 5 d. 6 The Farmers purchased a one-year insurance policy on August 1 for $5,200. The amount of prepaid insurance at the beginning of the year was $1,800. The Farmers determined that their unpaid bills at the end of the year are $2,350 for the feed that they purchased on December 15. They will not pay the bills before December 31. They had unpaid bills at the beginning of the year in the amount of $3,500. 7 f. The Farmers determined that the amount of current deferred taxes at the end of the year is $4,000. Current deferred taxes at the beginning of the year were $4,600