PAGE NO. 1 49000100 Happy Acres Farms
07/01 Y/E 12-31, Pd. 1-01 THRU 6-30,
CB # 1
S C H E D U L E F W O R K S H E E T
THIS REPORT IS BASED ON UNAUDITED INFORMATION
DESCRIPTION ACTUAL PROJECTED ADJUSTMENT
PART I, FARM INCOME
Sale of Raised Products
LIVESTOCK & LIVESTOCK PRODUCTS
Dairy Products 27670 55336 __________
6140 Beef Feeders-Feedlot 2704 6860 __________
6470 Hogs Farrow Finish 5094 19958 __________
6510 Hogs Weaning Pig Prod 45469 80469 __________
Other Lvstk Products Sold ________ ________ __________
Misc. Livestock Income ________ ________ __________
CROPS AND OTHER PRODUCTS
0222 High moisture corn 3088 6165 __________
Nursery, Timber and Other ________ ________ __________
Other Crop Income ________ ________ __________
* B) SALES LVSTK/CROPS/OTHER TOT 84025 * 168788 * __________*
ADDITIONAL INCOME
Patronage Refunds (1099-PATR) 46 52 __________
Government Programs Payment ________ ________ __________
CCC Loans Taken as Income ________ ________ __________
CCC Loan Forfeit/Repaid w/Cert ________ ________ __________
Crop Insurance ________ ________ __________
Custom Work Income 2900 7300 __________
LEASE INCOME REPORTED ON SCH-E
Other Income, Incl Fuel Tax CR 637 1911 __________
* C) ADDITIONAL INCOME TOTAL 3583 * 9263 * __________*
** GROSS INCOME (Total Ln A+B+C) 87608 ** 178051 ** __________**
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PART II, FARM EXPENSES
Breeding Fees 235 469 __________
Chemicals 1524 2901 __________
Conservation ________ ________ __________
Custom Hire (Machine work) 405 1035 __________
Depreciation (Form 4562) 6000 12000 __________
Employee Benefits ________ ________ __________
Feed Purchased 14162 23018 __________
Fertilizer 5533 12876 __________
Freight and Trucking 646 1288 __________
Gasoline, Fuel, and Oil 2622 5238 __________
Insurance (other than health) ________ ________ __________
INTEREST...a. Mortgage ________ ________ __________
...b. Other 5040 10320 __________
Labor Hired 5667 10938 __________
Pension and Profit Sharing 246 246 __________
RENT...a. Machine & Equipment ________ ________ __________
...b. Land, Lvstk, & Other 4745 9990 __________
Repairs and Maintenance 2223 4749 __________
Seeds and Plants Purchased 594 1104 __________
Storage and Warehousing ________ ________ __________
Supplies Purchased 2188 2746 __________
Taxes 782 1179 __________
Utilities 715 1449 __________
Veterinary Fees and Medicine 806 1508 __________
Miscellaneous Farm Expense 185 405 __________
Personal Consumption (minus) - _______ -_______ -_________
** TOTAL EXPENSES 54318 ** 103459 ** __________**
** NET FARM PROFIT or (Loss) 33290 ** 74592 ** __________**
NOTE....ADJUSTMENTS MAY HAVE TO BE MADE FOR ACTUAL CASH PAYMENTS
MADE FOR THE TAX YEAR FOR CASH BASIS TAXPAYERS.
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