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Line Item Value Line Item Value Corn 12,000 bu. $3.40 per bushel Prepaid Expenses $52,000 Soybeans 2,000 bu. $9 . 75 per bushel FBT Farm

Line Item

Value

Line Item

Value

Corn 12,000 bu.

$3.40 per bushel

Prepaid Expenses

$52,000

Soybeans 2,000 bu.

$9.75 per bushel

FBT Farm Truck

$14,504

Machinery

$425,000

FBT Land Note

$180,679

Bldgs. & Improvement

$75,000

Accounts Receivable

$25,000

Farm and Home

$255,000

FBT Tractor

$32,044

Cash

$20,000

Titled Vehicles

$50,000

RLOC Balance

$225,000

Personal Liabilities

$5,517

FBT Combine

$46,442

Personal Assets

$52,000

Accrued Interest

$40,210

Principal due in 12 months on term debts

$32,950

*Hint: You will have a value for Total Farm Assets and Total Farm Liabilities and a value for Total Assets and Total Liabilities. Total Farm Assets and Total Farm Liabilities exclude Personal Assets and Personal Liabilities. Net Worth includes all farm line items and personal line items!

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Current Assets Val Balance Current Liabilities Accrued interest Accounts payable and accrued expenses Cash and checking Prepaid exp. & supplicht) Growing cropa (Schacy Accounts receivable (Schd D) Hedging accounts Omar current stats Current U RLOC Rane FBT- Principal Biance 425 P& Du Crops (0) Quantity Com 12.000 Soybeans 2.000 Crops under govt loan Livestockhold for sale Government crop loans Principal en 12 months on terbes 32.95 Value Unit bu Total Current Assets Total Current Liabilities Intermediate Liabilities (Schd v Intermediate Assets normediate Balance Market Value Principal Due Breeding Westock Machinery and equipment Titled vehicles Other intermediate assets Low Rate FBT-Combine FBT Farm Truck FBT Tractor int Principal Balance 5.00 58.785 5.00 18.358 4.00 42.118 P & Due 18.110 5.581 13.587 3.854 10.074 Total Intermediate Assets Long Term Assets Total Intermediate Liabilities Long Term Liabilities (SchdW int Loan Rate Balance FB-Land Nose 400 Principal Acres Market Value P& 1 Due 14 543 Land (Scha MI Farm and Home SOM 50 Principal Due 6.600 Lg Term Balance 187 378 Bidos & improve (SN) Other long term Total Long Term Assets Total Long Term Lisbilities Total Farm Assets Personal Assets (Sch) Total Farm Liabilities Personal Liables (Scha Total Labs Net Worth

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