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Rylee inherited a 145-acre ranch. She decided to quit her job and continue the existing cattle operation. Her previous salary was $70,000 a year. When

Rylee inherited a 145-acre ranch. She decided to quit her job and continue the existing cattle operation. Her previous salary was $70,000 a year. When she sold the calves, she earned $1550 per head sold for a total of $108,500 in revenue from cattle sales. In addition to that, she was able crop share hay production on the pastures in the summer for another $8,000 in sales. Her yearly expenses include vet expense of $10,500, truck payment of $7,800, utility expenses of $6,200, day help labor expense of $1,500, fuel of $5,500, mineral expense of $1,800 and her own draw of a salary of $40,000. Had she decided to rent the farm out to an independent operator, she could have charged a monthly rent of $6,500. Label each line for the description in the left column with the amount in the right column; be sure to include the opportunity costs.

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