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
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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
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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
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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
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***** 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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