Assume that the firm has gross cash income of $141,214, variable cash expenses of $74,279 (including livestock

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Assume that the firm has gross cash income of $141,214, variable cash expenses of $74,279 (including livestock purchases, feed, other livestock related expenses, seed and plants, fertilizer and chemicals, utilities, labor, fuel and oils, repairs and maintenance, and machine hire), insurance payments of $3,599, rent and lease payments of $20,257, interest of $5,711, and depreciation of $12,620. Construct the firm’s income statement.

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