Question 1 Crops & feed revenue Livestock and livestock product revenue Total nonfarm income Total farm operating expenses $245,400 315,000 11,000 Depreciation expense Income tax expense Interest expense Withdrawals for family living Principal payments on unpaid operating debts Principal payments on current portions of debt & leases 440,700 55,500 10,730 85.962 30,000 0 30,800 Show all work. a. (5pts) Calculate capital replacement and term debt repayment capacity for Tiger-Farms. b. (5pts) Calculate capital replacement and term debt repayment margin (CRDRM) for Tiger-Farms. c. (5pts) Estimate the percent that crop revenue and livestock revenue can decline and still maintain positive CRDRM d. (5pts) Estimate the percent operating expenses and interest expenses can increase and still maintain positive CRDRM