I. INCOME STATEMENT AND ANALYSIS Assume I.M. Farmer has an accounting period running from January 1 to December 31 . Use the following information obtained for the calendar year 2017 accounting period to complete an income statement for I.M. using the attached form. Then complete the calculations that follow. Revenue and Expenses Other Information 1. What was Net Farm Income from Operations? 2. What was Net Farm Income? 3. Compute Return to Management: *Opportunity cost of capital =09785,000=70,650 4. Compute Return to Labor: 5. Compute Rate of Return on Assets: (\%) 6. What is Rate of Return on Equity (%)