Use the following information to create 1) Balance Sheet for yearends 2017 and 2018 and 2) and Income statement for 2018

1) She had 305 breeding does value at $340/head at yearend 2017. She increased her flock in 2018 to 325 head.

2) As of December 31, 2017, she had livestock held for sale (lambs and non-breeding ewes) valued at $38,000. She also had wool inventories valued at $9,000. As of December 31, 2018, her livestock inventories increased to $43,000, and her wool inventories decreased to $8,500.