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Using Tables A3-1, A3-2, and A3-3 pages 656) for the EBITDA (4 points) Tab A3-1 BALANCE SHEET SUMMARY FOR JOSEPH AND ELEFA 2008 and

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Using Tables A3-1, A3-2, and A3-3 pages 656) for the EBITDA (4 points) Tab A3-1 BALANCE SHEET SUMMARY FOR JOSEPH AND ELEFA 2008 and . Famel state 10 Other roncurentats 11 All personal ass-moncament 12 13 Line Number 2001 2008 2009 2010 2011 Historical Fra forma Assets Current Assets Cash, saving and ma $17.951 $ 56.000 S 13325 $ 48.8635 Crops, feed and meeles Market veto Noncurrent A 7 All other men fas All personal essets-cument Total Carent Assets Breeding vestock Machinery and equipment 94,405 39740 116912 13.39 123322 141,475 44.700 90,100 45,570 72.350 75568 47340 31.389 $360.342 $263,257 $ 256.442 $291,775 5321,225 $46.000 $46.000 $46.000 $ 44,300 S 46,000 239,189 239189 231,100 221,310 336.620 307,593 479.395 470,100 475,900 573735 12,500 12.500 12.500 12.500 12.500 A800 48.800 4000 48,800 48,800 Total Noncurrent Assets 5734,081 $ 766,004 $800.100 5 828010 $1,017,455 Total Assets 5994,423 $1,029,340 $1,047,142 $1,119785 $1,3379 Liabilities Current Liabilit 14 Operating short tam notes 59.352 S 92.350 5 92,350 $ 29,420 5 85.375 15 Current maturites 26,783 28.973 16 Accounts payable 8,299 12.450 17 All other liabilities 81437 77,356 31.337 9.380 750 36569 420 78320 18 All personal abilities 750 750 750 750 483 750 cument 79 Total Current Liabilities $214,125 $211,879 $212,407 Noocument Liabilities 20 Non-real estate farm debt $88.800 21 Real estate farm debt 241,787 565804 231,750 22 All other noncurent labilities A56 17,247 5 196,679 5 222.153 $41.057 $ 27.00 $ 37,632 229220 30,440 222,157 214519 35.822 23 All personal liabilities O nonument 24 Total Noncurrent Liabilities $340,043 5. 318,861 25 Total Liabilities $554,168 $530,740 Owner Equity 26 Contributed capital and retained 5373,181 $298325 $ 400.000 27 Valuation/personal asset equity 28 Total Owner Equity 29 Total Liabilities and Owner Equity 67.075 98.237 $440,256 $498,600 5994,423 $1,029,340 $1,067,142 $300,717 $513,124 $ 481,749 $ 580.454 151010 5 $54,018 5 465,498 5 504572 5 638,036 $ 758,425 51,119,785 $1,338879 $ 295.070 54.151 358.302 172.538 253.854 Balance Sheet Notes Book values foriginal cost less accumulated depreciation) 252 30 Breeding livestock $15,000 $35,000 31 Machinery and equipment 228,100 222.350 $35.000 200,000 5 25,000 $ 25.000 193.800 283,000 32 Real estate-land 350,000 350,000 350,000 350,000 300,000 23 Real estate-buildings 12.400 30,000 000 30.000 3.000 34 Farmas 945.623 960,540 1,018342 1.070985 1.290079 35 Fam liabilities 553-418 529,990 512.374 480.999 579.704 36 Farm equity 392.206 450.550 505.968 589,986 710,375 23 65

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