cial e- y 6. A farmer reports the following financial informa- tion for last year's operation: Current assets.... Net worth, end of year Depreciation Operating expenses ...... Ratio of total liabilities to net worth.. Proprietor withdrawals Change in inventory...... Capital purchases Operating receipts ... Noncurrent assets. Current liabilities 100,000 100,000 10,000 30,000 orang 3 25,000 15,000 20,000 .. 100,000 200,000 50,000 sd 191 a. Use this information to formulate an annual income statement.

6. A farmer reports the following financial informa. tion for last year's operation: a. Use this information to formulate an annual income statement. b. Complete the year-end balance sheet. c. Indicate the beginning-of-year net worth