^{Classify and prepare a Balance Sheet with the following accounts (you do not need to use chart of accounts or other encodings, use the format we saw in class). (10 points) These accounts belong to an 8-string farm that is dedicated to the production and sale of milk and dairy products. 1. Monthly land rent payment $14,000 2. Salaries $25,200 3. Milking equipment $3,800 (useful life 10 years) 4. Dairy Work Inventory $35,000 5. Cash $8,200 6. Cargo truck $32,000 (useful life 8 years) 7. Milk inventory ready for sale $48,000 8. Animals for slaughter $1,500 9. Monthly loan payment $3,600 10. 60 month loan $32,000 11. Production cows $5,400 (useful life 8 years) 12. Office equipment $2,500 (useful life 10 years) Also has: Gross Income: $82,000 Operating Income: $69,500 Net Income: $52,125}