Over the course of the evaluation year, the farm had cash operating outflows of $106,200.00, and in addition paid $16,795.00 in interest during the year. Of the operating cash outflows, $6500.00 was for seed they intend to use the following year, however, during the course of last year they did use $7,500.00 worth of fertilizer that they had paid for the year before. They had $16,000.00 in non-cash expenses (management depreciation) over the year. They paid off $42,000.00 in principle payments on their equipment and land loans during the year, and they purchased two breeding cows for $3500.00, and they purchased a new stock trailer for $8,500.00. They did not sell any equipment. The family withdrew $45,000.00 from the farm account for family living. e. (3)In your spreadsheet, calculate accrual expenses for last year based on the above information (hint, there is some information in discussion that is not relevant for the calculation of accrual expenses)