Use the drop down list to make an Income Statement with the data below. Use formulas...

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Use the drop down list to make an Income Statement with the data below. Use formulas to enter the data below the lines. Find Retained Earning. Cash crop sales Cash livestock sales Item Cash operating expenses Change in accounts payable + Change in accounts receivable Change in accrued interest Change in prepaid expenses - Change in tax accruals Cost of purchased livestock Depreciation + Government payments Interest and dividend income Interest expense on farm loans Net Income Tax paid in cash Wages (nonfarm) Amount 442,000 173,000 346,612 (8,748) 3,113 (734) (1,974) 6,116 110,565 34,928 23,362 932 30,278 ???? 16,947 54,247 Legend Labels Data Formulas Farm Revenue Value of Farm Production Farm Expenses Total Farm Expenses Nonfarm Adjustments Total nonfarm income Income before taxes Income Taxes Total income tax expenses Use the drop down list to make an Income Statement with the data below. Use formulas to enter the data below the lines. Find Retained Earning. Cash crop sales Cash livestock sales Item Cash operating expenses Change in accounts payable + Change in accounts receivable Change in accrued interest Change in prepaid expenses - Change in tax accruals Cost of purchased livestock Depreciation + Government payments Interest and dividend income Interest expense on farm loans Net Income Tax paid in cash Wages (nonfarm) Amount 442,000 173,000 346,612 (8,748) 3,113 (734) (1,974) 6,116 110,565 34,928 23,362 932 30,278 ???? 16,947 54,247 Legend Labels Data Formulas Farm Revenue Value of Farm Production Farm Expenses Total Farm Expenses Nonfarm Adjustments Total nonfarm income Income before taxes Income Taxes Total income tax expenses Use the drop down list to make an Income Statement with the data below. Use formulas to enter the data below the lines. Find Retained Earning. Cash crop sales Cash livestock sales Item Cash operating expenses Change in accounts payable + Change in accounts receivable Change in accrued interest Change in prepaid expenses - Change in tax accruals Cost of purchased livestock Depreciation + Government payments Interest and dividend income Interest expense on farm loans Net Income Tax paid in cash Wages (nonfarm) Amount 442,000 173,000 346,612 (8,748) 3,113 (734) (1,974) 6,116 110,565 34,928 23,362 932 30,278 ???? 16,947 54,247 Legend Labels Data Formulas Farm Revenue Value of Farm Production Farm Expenses Total Farm Expenses Nonfarm Adjustments Total nonfarm income Income before taxes Income Taxes Total income tax expenses

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ANSWER Heres an Income Statement using the provided data Item Amount Farm Revenue Cash crop sales 44... View the full answer