INSTRUCTIONS The following tasks must be completed for the enterprise you have been assigned. There are members is year greep. Good advice is to select a group leader to ensure that each task is completed. TASK 1 Prepare written summary for your enterprise Information may be obtained from extension hand agricultural professionals in the department and or extension services, or ealise resources (except Wikipedi Include a reference page for all sources. This assignment should be two typewritten pages ideable space with 12-point font. The summary should include the following information about the cop 1. Standard husbandrydoction acti 2. Recommended varieties and fertilizer application rates fer crop or recommended feed or ferges fr livestock 3. Planting dates, length of time to mature and harvesting methods for crap optimum breeding periods and gestational period for livestock 4. Uses for the crops or nutritional value of the livestock 5. How and where the crop is marketed or how and where the livestock marketed 6. Feed safety issues 7. Any other information relevant to vest click TASK 2 1. Prepare a beginning balance sheet. Use the Assets and Supplies inventory infernstien es the first page of your crop information handout 2. Enter your data in Table 1 Beginning Balance Sheet in the Farm Record Book 1. Calculate the following financial ratios for the beginning balance sheet. See the last page of this document for the definitions, calculation, and interpretation of each ratie TASK 3 Liquidity Rati Current ratio Working Capital Solvency Ratios Deb-Assett Equity--stati Debt-to-Equity ratio 1. Record the business transactions for each month in the Farm Record Book Table 2 Operating Income and Table Operating Expenses 2. Record all transactions involving "use", "applied" of supplies into the Farm Record Book Table 4 Supplies Inventory Matrix. You must keep a running balance of your invessory, so you will know what is on hand at the end of the year 31769 GROUPA 3. Make sure that you record all mansactions to the cash journal, Farm Record Book Table 5. The cash journal should be used the same way as the checkbook register, recording deposits and withdrawals payments. You will find a less confusing to complete the cash journal as you complete the daily entries. You will sent the transactions by checking accounting acco and accounts receivables. Make sure that you start each of these accounts with the original balance found as the balance sheet at the beginning of the year. 4. Record the hired labor transaction inte the Farm Record Book Table 6. This informatio entered into the Operating Expenses table (Table 3). Make sure that you comply separate in this table. Record the employee taxes, and employer share of uses, and the end of the month. Create names and social security numbers for each worker. 5. Recent the land use into the Farm Record Book (Table 1) Land Utilization and Feti This table requires you to be some research on the production of your crop. List your cop same enter the number of acres you are growing from owned land and rented from your research list the yield per acre. Also list the number of pounds of fertilizer required listed in the table for productive yields Record the assets inventory from year list of assets as the first page to Tables - Use the Straight-Line method of depreciation to determine the depreciation expense at the end of the year for each asset Remember to record the accumulated depreciation at a depreciation expense in the Operating Expense table (Table 3). This will be the last transaction. You can date it as of the last day and meath of your 7. Complete the Statement of Cash Flows (Table 10) for all transactions. You will only the totals for each month by income and expense. Make sure that depreciation expense included in this stateme