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You want to prepare a balance sheet for your operation. Use the following information to build a Balance Sheet Operating Loan: $170,300 Value of breeding

You want to prepare a balance sheet for your operation. Use the following information to build a Balance Sheet

Operating Loan: $170,300

Value of breeding livestock: $240,500

Noncurrent portion of machinery loan: $135,300

220 weaned steers with an average weight of 550 lbs valued at $165/cwt

Prepaid expenses: $67,000

Value of machinery owned: $315,600

Checking and savings account: $87,200

Noncurrent portion of Real estate loan: $230,800

Accounts Payable: $29,600

Portion of real estate loan due within one year: $42,300

Value of Buildings and Improvements: $210,700

Feed on hand: $36,400

Real estate owned: $925,400

Portion of machinery loan due within one year: $32,500

Accounts receivable: $51,100

Hay for sale 90 tons valued at $175/ton

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