Rhonda Rancher has applied for a loan. Her banker, Larry Loanmaker, says the old balance sheet on file must be brought up to date before a loan will be considered. Rhonda spends the rest of the afternoon taking inventory and gathering other information. Complete the balance sheet on the attached pages using the information below compiled by Rhonda on February 15 4200 cwt. @ $4.40 per cwt Milo on hand Hay on hand Growing wheat Farm mortgage (due 4/01) 75 tons S50.00 per ton 280 acres S22.50 per acre $14,000 principal S20,000 accrued interest balance after 4/01 payment S208,000 Buildings & improvements Note payable on feeder cattle (all due 11/15) Calves (to be sold in May) Feeder cattle (to be sold in 60 day) Note payable at bank (all due 3/1) Vehicles Other machinery& equipment Loan on beef cows (due 10/01) S34,000 98 head @ S275 per head 138 head S575 per head S52,000 15,500 80,500 S9,000 principal, S3,900 accrued interest balance after 10/1 payment S38,000 1020 acres S560 per acre 106 head S650 per head 4 head @ S1,000 each S5,400 S4,200 S1,600 $2,000 200 shares S65 per share Land (present market value) Beef breeding cows Checking account balance Account payable at Joe's Feed & Seed Account receivabloe Shop Equip. (welder, lathe, drill press, etc.) Ford Motor Co. stock Rhonda Rancher has applied for a loan. Her banker, Larry Loanmaker, says the old balance sheet on file must be brought up to date before a loan will be considered. Rhonda spends the rest of the afternoon taking inventory and gathering other information. Complete the balance sheet on the attached pages using the information below compiled by Rhonda on February 15 4200 cwt. @ $4.40 per cwt Milo on hand Hay on hand Growing wheat Farm mortgage (due 4/01) 75 tons S50.00 per ton 280 acres S22.50 per acre $14,000 principal S20,000 accrued interest balance after 4/01 payment S208,000 Buildings & improvements Note payable on feeder cattle (all due 11/15) Calves (to be sold in May) Feeder cattle (to be sold in 60 day) Note payable at bank (all due 3/1) Vehicles Other machinery& equipment Loan on beef cows (due 10/01) S34,000 98 head @ S275 per head 138 head S575 per head S52,000 15,500 80,500 S9,000 principal, S3,900 accrued interest balance after 10/1 payment S38,000 1020 acres S560 per acre 106 head S650 per head 4 head @ S1,000 each S5,400 S4,200 S1,600 $2,000 200 shares S65 per share Land (present market value) Beef breeding cows Checking account balance Account payable at Joe's Feed & Seed Account receivabloe Shop Equip. (welder, lathe, drill press, etc.) Ford Motor Co. stock