Income & Expense Statement

Income & Expense Statement

FOR: Sunny River Farms                           BANK: First National
DBA: Sunny River Farms                        ACCT NO: 22-2222-22
06/10/1998 3:27 PM                               PAGE: 1

I N C O M E & E X P E N S E S T A T E M E N T
Farm Income & Expense Detail Report For 01/01/1998 - 06/30/1998

Cash Income
Account                                Amount
4001 WHEAT SALES                    16100.00
4002 DURUM SALES                     3500.00
4012 CANOLA SALES                    9000.00
4251 BEEF CALF SALES                 3000.00
4301 MILK SALES                     24000.00
4351 CULL BEEF COW & BULL SALES     13000.00
4401 DEFICIENCY PAYMENTS             1500.00
4702 NONFARM BUSINESS INCOME         1000.00

        Total Income:                                         71100.00

Cash Expense

Account                                Amount
5010 SEED                            6100.00
5020 FERTILIZER                      4500.00
5030 CHEMICALS                        100.00
5050 DRYING FUEL                      100.00
5101 FEED BEEF                        150.00
5255 FUEL BULK                       800.00
5601 EMPLOYEE #1                    16687.40
6103 MISCELLANEOUS EXPENSE           3000.00
6201 MACHINERY & EQUIP PURCHASE     15000.00
6202 LAND PURCHASE                   8000.00
6208 BEEF COW PURCHASE              12000.00

Total Expense: 66437.40

Net Income: 4662.60