Balance Sheet

 07/27             49000100   Happy Acres Farms               BEGINNING JAN 1          BALANCE SHEET      CB#  1 2 3 4 5
                                            THIS REPORT IS BASED ON UNAUDITED INFORMATION

FARM ASSETS: BOOK TOTAL MARKET TOTAL | FARM LIABILITIES: BOOK TOTAL MARKET TOTAL Checking Accounts 15835 15835 | Accounts Payable 3517 Savings & Deposits 7971 7971 | Notes Due within one year 85000 Marketable Securities 24154 24705 | Current Portion of Term Debt 27534 Crops & Feed Inventory 144713 144713 | Accrued Interest Payable Market Livestock & Products 93295 93295 | Real Est & Pers Prop Tax Due Deferred Income (Acct Rcvbl) 70407 70407 | Payroll Taxes, Employee Benfts 79 Supplies & Prepaids 8619 8619 | Income Tax Due (Corp Farm) Cash Invested in Growing Crops | Delinq Interest, Rent, RE Tax TOTAL CURRENT ASSETS (A) 364994 365545 | TOTAL CURRENT LIABILITY (D) 116130 116130 Breeding Livestock 40400 126373 | Vehicles, Machinery & Eqpt 101874 208125 | Intermediate Notes & Chattels 127154 Investments in Coops/Entities 7888 7888 | Other Intermediate Liability 39918 TOTAL INTERMEDIATE ASSETS (B) 150162 342386 | TOTAL INTERMEDIATE LIAB (E) 167072 167072 Bare Land 5000 10000 | Real Estate Mortgages 87196 Buildings & Improvements 39642 110000 | TOTAL LONG TERM LIABILITY 87196 87196 Other Intermediate Assets 662 662 | TOTAL FARM LIABILITIES (F) 370398 370398 TOTAL LONG TERM ASSETS 45304 120662 | FARM EQUITY (G) 266252 527092 TOTAL FARM ASSETS (C) 560460 828593 | FARM LIAB & EQUITY 636650 897490 ------------------------------ | ------------------------------ PERSONAL ASSETS: | PERSONAL LIABILITIES: Current Personal 1875 1875 | Current Liabilities 750 Retirement & Othr Intermediate 38640 47692 | Intermediate Notes & Chattels Fixed & Long Term Assets 35675 19330 | Real Estate & Long Term Liab TOTAL PERSONAL ASSETS 76190 68897 | TOTAL PERSONAL LIABILITIES 750 750 ------------------------------ | ------------------------------ FARM,PERSONAL & OTHER BUSINESS | FARM,PERSONAL & OTHER BUSINESS TOTAL CURRENT ASSETS 366869 367420 | TOTAL CURRENT LIABILITIES 116880 TOTAL INTERMEDIATE ASSETS 188802 390078 | TOTAL INTERMEDIATE LIAB 167072 TOTAL LONG TERM ASSETS 80979 139992 | TOTAL LONG TERM LIABILITIES 87196 TOTAL ASSETS 636650 897490 | TOTAL LIABILITIES 371148 371148 =================================================================| ------------------------------ FARM LIQUIDITY: | OWNER EQUITY ACCOUNT: CURRENT (A/D) 3.14 3.15 | Original Capital Invested 27000 27000 INTERMEDIATE (B/E) 0.90 2.05 | Retained Profit/Loss 14500 14500 WORKING (A+B/D+E) 1.82 2.50 | Personal Withdrawls -9500 -9500 FARM SOLVENCY: | Current Profit(loss) This Yr 11724 11724 DEBT/ASSET (F/C) 0.66 0.45 | Asset Equity Valuation 221778 482618 EQUITY/ASSET (G/C) 0.48 0.64 | TOTAL OWNER EQUITY 265502 526342 DEBT/EQUITY (F/G) 1.39 0.70 | TOTAL LIAB & EQUITY 636650 897490 |================================================================= ***** I (we) certify that the information on this Balance Sheet is true and correct to the best of my (our) knowledge. ****** _______________________________________________ _______________________________________________ ______________________ (Signature) (Signature) (Date)

 

 

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