PAGE NO. 1 49000100 Happy Acres Farms PERIOD 1-01 THRU 6-30
02/11 Y/E 12-31 CB # 1
M O N E Y B O R R O W E D V E N D O R R E P O R T
THIS REPORT IS BASED ON UNAUDITED INFORMATION
MO_DA REF# CB ITEM. ENTR DESCRIPTION % MTRTY CUR/TERM INTREST PRINCIPAL BORROWED BALANCE
VNDR No.- - - -> M1NB 1st National Bank & Savings 8.75 6/10 $ 7500 PURPOSE--> FARM
Salem OR 98001
1 SMITH FARM * BAL LONG 87196.00
3-31 939 1 800 SMITH FARM 2000.00 85196.00
5-16 1190 1 776 INTEREST ON SMITH 3371.00 85196.00
5-16 1190 1 800 1ST MORTGAGE 500.00 84696.00
6-30 1226 1 776 1ST NATL BK INT 131.00 84696.00
1 ** TOTAL 3502.00 2500.00 .00 84696.00 *
VNDR No.- - - -> MFSB Farmers State Bank 11.50 05/98 $ 27534 PURPOSE--> FARM
Roseville MN 58000
1 Conslidated Eqip* BAL INTERMED 154688.00
3-29 923 1 800 1ST NATL BK PRINCIPAL 500.00 154188.00
6-30 1246 1 776 1ST NATL-TRACT INT 207.00 154188.00
6-30 1246 1 800 1ST NATL BK PRINCIPAL 500.00 153688.00
1 ** TOTAL 207.00 1000.00 .00 153688.00 *
VNDR No.- - - -> MMP1 PERSONAL NOTE FROM EDDY PURPOSE--> PERSONAL
CKBK No. 1 FROM EDDY * BAL PAYABLE 750.00
VNDR No.- - - -> MOL 1st National Bank 12.00 1/95 PURPOSE--> FARM
St Paul MN 56001
1 OPERATING * BAL SHORT 85000.00
2-31 1172 1 800 PAY ON OPER LOAN 15000.00 70000.00
3-31 0939 1 800 pay on oper line 10000.00 60000.00
4-08 971 1 800 PAY OPER LOAN 1000.00 59000.00
4-31 0970 1 800 PAY ON OPERATING LOAN 10000.00 49000.00
6-30 1225 1 776 INTEREST ON LINE 1331.00 49000.00
1 ** TOTAL 1331.00 36000.00 .00 49000.00 *
VNDR No.- - - -> MPCA PCA of Minnesota PURPOSE--> FARM
St Paul MN 56000
* BAL .00
2-20 1 500 PCA LOAN 4300.00 4300.00
6-12 1 500 PCA LOAN 4300.00 8600.00
1 ** TOTAL .00 .00 8600.00 8600.00 *
* MONEY BORROWED BEG BAL TOTAL 327634.00 *
** MONEY BORROWED GRAND TOTAL 5040.00 39500.00 8600.00 296734.00 **
----- ---- - ----- ---- -------------------------------- ----- ----- -------- ---------- ---------- ---------- ----------- --
BALANCE SHEET INFORMATION FARM PERSONAL O.B.
SHORT (NOTES DUE IN 1 YR) 57600.00 750.00 .00
CURRENT PORTION TERM DEBT 35034.00 .00 .00
INTERMEDIATE (CHATTELS) 126154.00 .00 .00
LONG TERM (MORTGAGES) 77196.00 .00 .00
*** T O T A L - - - - -> 295984.00 750.00 .00 296734.00 **