Using the attached Adjusted Trial Balance and Cash ledger page, prepare Jablonski's Golden Acres financial statements for the end of the year. Complete each statement on its own page in the following order: A) Income Statement for 2022 (23 points) B) Statement of Owner Equity for 2022 (17 points) C) Balance Sheet for December 31, 2022 (33 points) D) Statement of Cash Flow for 2022 (22 points) It is expected that proper formatting will be used in regard to the document title, headings, sub- totals, etc. Improper formatting will lose points. You are to put together financial statements, not just determine net income or owner equity. Accounts Cash Accounts Receivable Feeder Livestock Inventory Raised for Sale Feed Inventory Raised for Sale Feed Inventory Purchased for Use Crop Inventory Purchased for Resale Prepaid Expenses Breeding Livestock ADJUSTED TRIAL BALANCE Jablonski's Golden Acres For December 31, 2022 Page < Debits 35,600 1,000 2 > of 3 Credits 37,500 26,900 5,900 13,500 3,200 96,500 Machinery & Equipment 158,600 Office Furniture and Equipment 12,400 Perennial Crops and Natural Resources 380,000 Land, Buildings, and Improvements 850,000 Leased Assets 48,200 Accumulated Depreciation 62,500 Accounts Payable Taxes Payable 6,900 18,900 Interest Payable Notes Payable, Non-Current Notes Payable, Due within One Year Real Estate Notes Payable, Non-Current 5,200 75,000 26,000 200,000 Real Estate Notes Payable, Due within One Year 14,500 Obligation on Leased Assets Retained Capital 37,000 1,121,900 Owner Withdrawals Non-Farm Income Other Capital Contributions/Gifts/Inheritance 3,200 6,500 8,100 417,800 Cash Cron Sales. of 3 Changes in Crop Inventories Cash Sales of Market Livestock 13,300 Changes in Market Livestock and Poultry Inventories 181,000 Crop Insurance Proceeds 4,800 Gains/Losses from Sale of Culled Breeding Livestock Change in Accounts Receivable 18,000 2,900 Feeder Livestock 1,700 Change in Purchased Feeder Livestock Inventory 105,000 Purchased Feed Wages Expense Payroll Tax Expense Seed Fertilizers Electricity Herbicides, Pesticides Insurance Office Supplies Depreciation Expense Change in Accounts Payable 7,200 78,900 Change in Purchased Feed Inventories 3,600 54,200 6,900 72,000 42,000 28,600 31,000 38,900 12,300 31,600 3,500 Change in Prepaid Insurance 3,600 Interest Expense 19,800 Change in Interest Payable 2,200 Gains/Losses on Sales of Farm Capital Assets 4,500 Extraordinary Gains (i.e., Other Revenue) 1,800 Income Tax Expense 24,100 3,600 Changes in Taxes Payable 2,234,900 2,234,900 Sum Jablonski's Golden Acres LEDGER Cash Account Page 3 of 3 Date Description Debits Credits Balance Beginning Balance 19,000 2-Jan Cash sale of market livestock 48,100 67,100 15-Jan Paid employee 6,800 60,300 21-Jan Income tax payment 2,000 58,300 4-Feb Loan payment-principal 28,300 30,000 4-Feb Loan payment-interest 1,200 28,800 18-Feb Purchased new computer 500 28,300 7-Mar Cash crop sale 42,200 70,500 15-Apr Paid taxes 8,200 62,300 28-Apr Purchased truck 29,400 32,900 1-May Borrowed money to buy land 85,500 118,400 5-May Purchased land 85,500 32,900 6-Jun Purchased supplies 3,600 29,300 30-Jun Purchased seed 5,100 24,200 3-Jul Purchased chemicals 9,800 14,400 25-Jul Cash sale of market livestock 38,700 53,100 9-Aug Paid property taxes 9,000 44,100 23-Aug Loan payment-principal 13,300 30,800 23-Aug Loan payment-interest 9-Sep Sold some breeding livestock 600 30,200 7,200 37,400 wing livestock 10-Oct Received crop insurance proceeds 18-Oct Paid vet bill 11-Nov Transfer to personal checking account 24-Nov Paid neighbor for hauling 12-Dec Paid payroll taxes 24-Dec Purchased new insurance policy Page < 3 77200 377400 18,500 55,900 3,400 52,500 3,100 49,400 1,800 47,600 8,200 39,400 3,800 35,600 The numbers for the cash ledger may not match up with the values on the adjusted trial balance. That is OK as the Statement of Cash Flows is a completely separate exercise from the other financial statements for this assignment