Farm Management

Income Statement
2015

Revenue:
Crops Sold
Market Livestock Sold
Livestock Sales
Gov. Program Payments
Other Farm Income

Rodger Lewellen
Amount:
$
189,600.00
$
91,660.00
$
7,600.00
$
8,890.00
$
4,700.00

Inventory Changes of:

Crops
Market Livestock

$
$
Total Revenue

(7,410.00)
12,900.00

307,940.00

Expenses:
Purchased Feed and Grain
Purchased Market Livestock

$
$

21,200.00
46,500.00

Other Cash Operating Expenses:

Crop Expenses
Livestock Expenses
Fuel, Oil
Labor
Repairs, Maintenance
Property Taxes
Insurance
Other

$
$
$
$
$
$
$
$

25,590.00
4,800.00
5,800.00
22,600.00
12,100.00
3,400.00
3,800.00
10,600.00

Adjustments:
Change in Accounts Payable

1,400.00

Depreciation:
Total Operating Expenses

28,900.00

186,690.00

Cash Interest Paid:

33,400.00

Change in Accrued Interest:

Total Interest Expense

(2,400.00)

Total Operating Expenses

Total Expenses

217,690.00

Net Farm Income From Operations:

90,250.00

Gain/Loss on Sale of Capital Assets:

Machinery

11,100.00

Farm Management
Net Farm Income:

Income Statement
2015

Rodger Lewellen
$

101,350.00