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Prepare a cash basis income statement using proper heading formats Christmas Farms Worksheet December 31, 2020 Trial Balance Debit Credit Adjustments Debit Credit Accounts Adjusted Trial Balance Debit Credit Cash Crop Sales 25,000.00 25,000.00 8,300.00 8,300.00 56,000.00 56,000.00 1,250.00 1,250,00 Changes in Crop Inventories Cash Sales of Market Livestock Gains (Losses) from Sale of Culled Breeding Livestock Change in Value Due to Change in Quantity of Raised Breeding Livestock Change in Accounts Receivable Feeder Livestock Changes in Purchased Feeder Livestock Inventory 6,000.00 6,000.00 3,500.00 3,500.00 2,000.00 2.000.00 750.00 750.00 Purchased Feed 1,750.00 1.750,00 Changes in Purchased 1,750.00 1.750.00 Changes in Purchased Feed Inventories 230.00 230.00 Wage Expense 1.955.00 1.955.00 Payroll Tax Expense 129.00 129.00 250.00 Truck and Machinery Hire Truck and Machinery Maintenance 250.00 7,300.00 7,300.00 Fuel 3,350.00 3,350.00 895.00 895.00 Herbicides, Pesticides Livestock Supplies, Tools and Equipment 550.20 550.20 Veterinarian Expense 1.875.00 1.875.00 Insurance 1,500.00 1,500.00 1,400.00 1,400,00 22.150.00 22.150.00 Real Estate and Personal Property Taxes Depreciation Expense Change in Accounts Payable Change in Prepaid Insurance Change in Investments in Growing Crops 340.00 340.00 700.00 700.00 2.500.00 2,500.00 Interest Expense 1.400.00 1,400,00 3,350.00 Herbicides, Pesticides 895.00 895.00 Livestock Supplies, Tools and Equipment 550.20 550.20 Veterinarian Expense 1,875.00 1.875.00 Insurcance 1,500.00 1,500.00 Real Estate and Personal Property Taxes 1,400.00 1.400.00 Depreciation Expense 22.150.00 22,150.00 340.00 340.00 Change in Accounts Payable Change in Prepaid Insurance Change in Investments in Growing Crops 700.00 700.00 2.500.00 2.500.00 Interest Expense 1.400.00 1,400.00 5,000.00 5,000.00 Change in Interest Payable Gains (Losses) on Sales of Farm Capital Assets Income Tax Expense 1,200.00 1,200.00 2,160.00 2.160.00 Change in Taxes Payable 5,620.00 5.620.00 Totals 783,818,00 783,818.00 55,090.00 55.090.00 838,908.00 838.908.00 Prepare a cash basis income statement using proper heading formats Christmas Farms Worksheet December 31, 2020 Trial Balance Debit Credit Adjustments Debit Credit Accounts Adjusted Trial Balance Debit Credit Cash Crop Sales 25,000.00 25,000.00 8,300.00 8,300.00 56,000.00 56,000.00 1,250.00 1,250,00 Changes in Crop Inventories Cash Sales of Market Livestock Gains (Losses) from Sale of Culled Breeding Livestock Change in Value Due to Change in Quantity of Raised Breeding Livestock Change in Accounts Receivable Feeder Livestock Changes in Purchased Feeder Livestock Inventory 6,000.00 6,000.00 3,500.00 3,500.00 2,000.00 2.000.00 750.00 750.00 Purchased Feed 1,750.00 1.750,00 Changes in Purchased 1,750.00 1.750.00 Changes in Purchased Feed Inventories 230.00 230.00 Wage Expense 1.955.00 1.955.00 Payroll Tax Expense 129.00 129.00 250.00 Truck and Machinery Hire Truck and Machinery Maintenance 250.00 7,300.00 7,300.00 Fuel 3,350.00 3,350.00 895.00 895.00 Herbicides, Pesticides Livestock Supplies, Tools and Equipment 550.20 550.20 Veterinarian Expense 1.875.00 1.875.00 Insurance 1,500.00 1,500.00 1,400.00 1,400,00 22.150.00 22.150.00 Real Estate and Personal Property Taxes Depreciation Expense Change in Accounts Payable Change in Prepaid Insurance Change in Investments in Growing Crops 340.00 340.00 700.00 700.00 2.500.00 2,500.00 Interest Expense 1.400.00 1,400,00 3,350.00 Herbicides, Pesticides 895.00 895.00 Livestock Supplies, Tools and Equipment 550.20 550.20 Veterinarian Expense 1,875.00 1.875.00 Insurcance 1,500.00 1,500.00 Real Estate and Personal Property Taxes 1,400.00 1.400.00 Depreciation Expense 22.150.00 22,150.00 340.00 340.00 Change in Accounts Payable Change in Prepaid Insurance Change in Investments in Growing Crops 700.00 700.00 2.500.00 2.500.00 Interest Expense 1.400.00 1,400.00 5,000.00 5,000.00 Change in Interest Payable Gains (Losses) on Sales of Farm Capital Assets Income Tax Expense 1,200.00 1,200.00 2,160.00 2.160.00 Change in Taxes Payable 5,620.00 5.620.00 Totals 783,818,00 783,818.00 55,090.00 55.090.00 838,908.00 838.908.00