Calculate the following and provide the best answer Income Statement Dee Dee Farm 2019 Farm Receipts Dollar Amount Calves $ 35,000.00 Cows $ 1,750.00 Hay $ 12,500.00 Feed $ 1,250.00 Total Farm Receipts $ 50,500.00 Farm Expenses Dollar Amount Fertilizers $ 2,500.00 Vet. / Medical Supplies $ 1,652.00 Insurance $ 3,200.00 Fuel, Lube, Repairs $ 3,950.00 Taxes $ 2,150.00 Labor $ 1,550.00 Interest $ 6,500.00 Total Farm Expenditures $21,502.00 Net Cash Income $28,998.00 Depreciation $12,500.00 Net Farm Income $16,498.00 What was the net income of the farm after all cash and non-cash expenses and adjustments