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Every planting season, Twin Farms borrowed a tractor for plowing, tilling, harrowing, planting and similar tasks. While making plans for the new season, they decided

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Every planting season, Twin Farms borrowed a tractor for plowing, tilling, harrowing, planting and similar tasks. While making plans for the new season, they decided it was best to just get a new tractor financed through the Tractor Store. On September 1, 2022, they financed the new tractor with a 5-year $25,000 loan (a) 5\% interest, and the first annual payment scheduled for September 1, 2023. There was no down payment required. However, annual cash payments were calculated at $5,774.37. They record the purchase in their farm record book. Set up the amortization table for the Notes Payable account on the tractor financed from the Tractor Store. PROBLEM A2: HORIZONTAL ANALYSIS (CIAPTER I0) Twins Farm is in the process of applying for a Farm Ownership loan with Bank of Alcom. They seck help from an agricultural financial manger to help them to conduct a Horizontal Analysis of their business over the last 2 years. They provided the finaneial manager with the following data from their Income Statements. Prepare a Horizontal Analysis using the Income Statement information in the chart below. Show your work for each calculation

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