Balance Sheet
Name: SPA NCBA Case Ranch
Current Farm Assets
Cash, Checking, Savings, CD's (Sch. A)
Prepaid Expenses (Sch. B)
Growing Crops (Sch. C)
Accounts Receivable (Sch. D)
Notes Receivable (Sch D)
Government Payments Receivable (Sch D)
PIK Certificates (Sch E)
Securities Readily Marketable, Farm (Sch. F)
Other
Crops Held For Sale or Feed
Quan.
Crops For Sale & Feed (Sch. G)
Cost
or Book
Value
95,062
650
0
0
0
0
0
0
0
Market
Value
95,062
650
0
0
0
0
0
0
0
Date:
37,500
37,500
December 31, 1995
Current Farm Liabilities
Farm Accounts Payable (Sch. O)
Accrued Interest (Schedules O,P,Q,R,S)
Principle Due in 12 Months (Schedules R,S)
Leins and Judgements (Sch. P)
Personal property taxes (Sch T)
Real estate Taxes (Sch T)
Accrued Lease Payments (Land Only) (Sch L)
Accrued Payroll Tax Due Within 12 Months (Sch T)
Cost
or Book
Value
Market
Value
0
131
3,939
0
0
675
271
0
0
131
3,939
0
0
675
271
0
Short Term Notes (NOT Ann. Oprtng or Cap. Assets)
Crops Under Gov. Loan
Crops Under Gov. Loan (Sch. H)
Quan.
0
0
Cur. Farm Notes Payable (Ann. Oprtng, CCC, C. A.)
Current Note Principle Due in 12 Mo. (Sch. Q)
CCC Wheat Loans (Sch. H)
Livestock Held for Sale
Value of Lvstck Held for Sale (Sch I)
Total Current Farm Assets
Non Current Farm Assets
Breeding Stock (Sch J)
Cost or Base Val. (Sch J) 152,650
Less Accumulated Dep.
6,946
Principle Balance
0
0
0
0
Quan.
0
133,212
Quan.
145,704
Farm Machinery & Equipment (Sch K)
Cost or Basis (Sch K)
160,951
Less Accumulated Dep.
89,154
Farm Real Estate (Sch. L) Acres =
3414.6
Cost or Basis (Sch L)
665,133
Less Accumulated Dep.
15,036
650,097
Conservation Easement Trust Fund
600,000
0
Deferred Tax Liability on Current Assets
133,212 Total Current Farm Liabilities
Non Current Farm Liabilities
143,500 Description
Prin. Due Beyond 12 Months From (Sch. R)
Prin. Due Beyond 12 Months From (Sch. Q)
Prin. Due Beyond 12 Months From (Sch. O)
71,797 Real Estate&Other Long Term Loans (Sch. S)
0
5,015
0
0
0
0
0
0
0
0
0
5,015
5,015
1,595,794
0
5,015
0
5,015
1,595,794
1,595,794
1,600,810
2,322,601
3,918,395
3,923,410
71,797
2,974,902
Total Non Current Farm Liabilities
Total Current and Non-Current Liabilities
600,000 Deferred Tax Liability on Non Current Assets
Total Farm Liabilities
Retained Earnings/Contributed Capital
Securities Not Readily Marketable (Sch. M)
Total NonCurrent Farm Assets
Total Farm Assets
0
0 Valuation Equity
1,467,598 3,790,198 Net Worth (Business Only)
1,600,810 3,923,410 Total Liabilities and Net Worth
Nonfarm Assets
Non-Farm Assets from (Sch N)
Cash Value of Life Ins. (Sch. N)
Securities Marketable and Non (Sch. F, M)
Nonfarm Liabilites
0 Nonfarm Accounts Payable and Accrued Exp.
0 Nonfarm Notes Payable
0 Deferred Tax Liability on Nonfarm Assets
Total Nonfarm Liabilities
Total Liabilities (Farm & NonFarm)
0
0 NET WORTH (Equity) - Combined
1,600,810 3,923,410 Total Liabilities and Net Worth (Combined)
Total Nonfarm Assets
Total Assets(Farm &NonFarm)
0
5,015
0
0
0
Commonly Used Ratios For Financial Analysis:
Cost Basis
Market Value
Current Ratio
26.56
26.56
Debt to Asset Ratio
0.0031
0.0013
0
0
0
5,015
1,595,794
1,600,810
0
0
0
0
5,015
3,918,395
3,923,410
Debt to Equity Ratio
0.0031
0.0013
Enter Name of Farm or Owner(s)
Enter the Balance Sheet Date
SPA NCBA Case Ranch
December 31, 1995
This Shading Means Calculated Cell
This Shading Means No Entry Here
Current
Schedule A -- Cash, Checking, Savings, CD's (Farm Only)
Balance
Cash and Checking
49665
Capital Fund $52,750 - 5800 for big boss and sprayer - 1645 for post pounder
45397
Cash on Hand
0
Savings Accounts and CD's
0
Money Market
0
Other
0
Total Cash, Checking, Savings, CD's Available
95062
Schedule B -- Prepaid Expenses and Supplies
Description of Item
Misc.
Total Cost of Prepaid Expenses and Supplies
Total Fair Market Value Prepaid Expenses and Supplies
Quantity
Fair
Bu./Ton Cost
Total
Market
Cwt/Gal Per Unit Cost
Value/Unit
1
650.00
650.00
650.00
0
0.00
0.00
1.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
0
0.00
0.00
0.00
650
Market
Value
650.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
650
Schedule C -- Invested in Growing Crops
Crop
Quant.
Of
Price
Matral
Material Per Unit
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Invested in Growing Crops
Number
Total
Acres
Invested
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0
Schedule D -- Receivables Accounts, Notes, Gov. Payments (Current)
Accounts Receivable
Date
Receivable From
Description
Due
Interest Amount
Accrued
Rate Receivable Interest
Total Accounts Receivable
Notes Receivable
Receivable From
0
Date
Due
Description
Interest Amount
Accrued
Rate Receivable Interest
Total Notes Receivable
Government Payments Receivable
Receivable From
0
0
Total
Payment
Description
Total Government Payments
Total Government Payments Receivable
Schedule E -- PIK Certificates
Crop
Description
Cost of Certs Purchsed
Face Value of Certs Received
Market Value of Purchased and Received Certs
Cost
if
Purch.
0
0
0
0
0
0
0
0
0
0
Face
Value
Recvd
0
0
0
0
0
0
0
0
0
0
Expir.
Date
0
0
0
0
0
0
0
0
0
0
Expected
Premium
Above
Cost/Face
0
0
0
0
0
0
0
0
0
0
Prin. &
Int. Due
0
0
0
0
0
0
0
0
0
Prin. &
Int. Due
0
0
0
0
0
0
0
0
0
Balance
Due
0
0
Market
Value
0
0
0
0
0
0
0
0
0
0
0
0
0
Schedule F -- Securities Readily Marketable
Number
of
Shares
0
0
0
0
0
0
0
0
Description
Cost Basis of Marketable Securties
Market Value of Readily Marketable Securities
Value of Farm Portion (Cost & Market)
Value of Non-Farm Portion (Cost & Market)
Original
Market
Total
Cost
Price
Original
Per Unit Per Unit
Cost
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Schedule G -- Crops Held For Sale or Feed (Raised & Purchased) - Free Stocks
Raised
Quan. Required
For Sale or Feed
Bu.-Tons
For
Available
Description
Cwt.
Feed
To Sell
Hay
Purchased
For Sale or Feed
Description
625
Total FMV Raised Crops and Feed
Quan. Purchase
Bu./Tons Price Per
Cwt
Unit
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Cost Value of Purchased Crops
Market Value of Purchased Crops
625
0
Fair
Market
Value
0
0
0
0
0
0
0
0
Percent
To
Non-Farm
100%
100%
100%
100%
100%
100%
100%
100%
0
0
0
Market
Price
Per Unit
60.00
Total Available Market
Cost
To Sell Price/Unit
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
Fair
Market
Value
0
0
37500
0
0
0
0
0
0
0
0
0
0
0
37500
Fair
Market
Value
0
0
0
0
0
0
0
0
0
0
Schedule H -- CCC and Other Government Stored Grain
Grain
Description
Units
Year
Loan
Sealed
Market
Sealed
Rate
T/C/BU
Price
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
0
0
0
0.00
Total Dollars of Equity in Government Grain
Total Loan Amount Against Crops
Total Market Value of Grain Under Loan
Schedule I -- Livestock Held for Sale
Raised Livestock
Description
Purchased Livestock
Description
Total
Dollars
Equity
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
Total
Loan
Amount
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total
Market
Value
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
(Raised and Purchased)
Average
Market
Number Weight Price Per
Animals in Pounds Pound
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
0
0.0
0.00
Total Fair Market Value of Raised Livestock
Average
Cost
Market
Number Weight
Per
Price Per
Total
Animals
in LBs
Pound
Pound
Cost
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
0
0.0
0.00
0.00
0.00
Cost Value of Purchased Livestock for Sale
0
Fair Market Value of Purchased Livestock for Sale
Total
Market
Value
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
Total
Market
Value
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
Schedule J -- Breeding Livestock (Raised and Purchased)
Raised Breeding Lvstk
Use Conservative Market Value for Basis
Description
Cows 3 + years old
Bred Heifers
Weaned Heifer Calves
Number
Animals
167
38
74
0
0
0
0
0
0
0
0
0
0
Total Fair Market Value of Raised Breeding Stock
Purchased
Average
Cost
Breeding Lvstk
Number Weight/
Per
Accum.
Description
Animals Animal
Animal
Dep.
Midland Bull Test 4/8/94
2
0.0 2,250.00 3,015.00
Richard Thomas 12/5/94
1
0.0 2,000.00 680.00
Rice bulls 12/28/94
1
0.0 1,500.00 510.00
Orman Bull 11/16/94
1
0.0 1,700.00 578.00
Prior to 1994 bulls
1
0.0 1,500.00 1,500.00
0
0.0
0.00
0.00
MSLA Herf. 2/13/95
2
0.0
975.00 663.00
0
0.0
0.00
0.00
0
0.0
0.00
0.00
0
0.0
0.00
0.00
0
0.0
0.00
0.00
0
0.0
0.00
0.00
0
0.0
0.00
0.00
Total Cost or Book Value of Purchased Breeding Stock
6,946
Total Market Value of Purchased Breeding Livestock
Wieght Mrkt Value
Total
Per
(Basis)
Market
Animal Per Animal Value
0.0
500.00 83,500.00
0.0
500.00 19,000.00
0.0
500.00 37,000.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
0.0
0.00
0.00
139,500
Market
Total
Original Value Per Market
Cost
Animal
Value
4,500.00
500.00 1,000.00
2,000.00
500.00
500.00
1,500.00
500.00
500.00
1,700.00
500.00
500.00
1,500.00
500.00
500.00
0.00
0.00
0.00
1,950.00
500.00 1,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
13,150
4,000
Schedule K -- Machinery, Trucks, Pickups, Autos and Livestock Equipment
Powered
Equipment
Cat, D8 Intl/4420009000056253
Tractor, Kubota/050218
Tractor, Int'L 885/B6502180026
Tractor, Int'L-186/2690012V8742
Swather, Hesston6550/655-2032
Cultivator, Intrental 315
Big Boss 6x6
Year
Make
Model
Date Percent
Acqurd Owned
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
1995 05/01/95
100
100
100
100
Year
Make
Model
Cost
or
Basis
9,000.00
14,000.00
27,500.00
9,500.00
12,500.00
3,250.00
5,108.00
Annual
Deprec.
900.00
1,400.00
2,750.00
950.00
1,250.00
325.00
510.80
Estimated
Accum.
Book
Market
Deprec.
Value
Value
5,400.00 3,600.00 3,600.00
8,400.00 5,600.00 5,600.00
16,500.00 11,000.00 11,000.00
5,700.00 3,800.00 3,800.00
7,500.00 5,000.00 5,000.00
1,950.00 1,300.00 1,300.00
510.80 4,597.20 4,597.20
0.00
0.00
0.00
Implements
Deere Baler
Disc, Ezee-on 12'6"
8347
Loader, Westendorf
WL24
Loader, Farmhand190/F495A-850
Loader, G.B. Truck Mounted
Superslicer, Deweze/SS
4005
Baler, John D346/1358501E
Land Plane, J.Deere/000338
Land Roller- 12ft
Farm tools, United 3-3T Blade
Rock Picker, DegelmanR570R
3789
Backhoe, Kelly/832196-001103
Grain Drill, Intl510/510c1111
Blade, Degelman 9'
9884
Date Percent
Acqurd Owned
1991
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
07/90
100
Cost
or
Annual
Basis
Deprec.
17,398.00 1,739.80
1,200.00 120.00
3,900.00 390.00
5,000.00 500.00
2,500.00 250.00
1,800.00 180.00
2,500.00 250.00
1,900.00 190.00
1,500.00 150.00
1,850.00 185.00
2,800.00 280.00
3,500.00 350.00
2,500.00 250.00
1,000.00 100.00
Accum.
Deprec.
8,699.00
720.00
2,340.00
3,000.00
1,500.00
1,080.00
1,500.00
1,140.00
900.00
1,110.00
1,680.00
2,100.00
1,500.00
600.00
Book
Value
8,699.00
480.00
1,560.00
2,000.00
1,000.00
720.00
1,000.00
760.00
600.00
740.00
1,120.00
1,400.00
1,000.00
400.00
Year
Pickups &
Make
Trucks
Model
Pickup, Dodge/1B7GR14XOJS731941
Pickup, Dodge/1B7KW24T6BS161872
Pickup, Dodge 2T/D61FL4J005994
Jeep-CI7
Pickup 1
Pickup 2
Date Percent
Acqurd Owned
07/90
100
07/90
100
07/90
100
1994
100
1994
100
1994
100
Cost
or
Annual
Basis
Deprec.
9,500.00 950.00
1,500.00 150.00
3,000.00 300.00
3,000.00 300.00
1,000.00 100.00
1,000.00 100.00
Accum.
Deprec.
5,700.00
900.00
1,800.00
600.00
200.00
200.00
Book
Value
3,800.00
600.00
1,200.00
2,400.00
800.00
800.00
0.00
0.00
0.00
Livestock
Post Pounder
Weed Sprayer 6x6
Hesston Chopper
Year
Make
Model
Date Percent
Acqurd Owned
07/01/95
100
05/01/95
100
1990
1990
100
100
100
100
Cost
or
Annual Accum.
Basis
Deprec. Deprec.
1,645.00 164.50
164.50
600.00
60.00
60.00
9,500.00 950.00 5,700.00
Total Cost or Basis
160,951
Total Annual Depreciation
16,095
Total Accumulated Depreciation To Date
89,154
Total Book Value of Machinery and Equipment
Total Estimated Market Value of Machinery and Equipment
Book
Value
1,480.50
540.00
3,800.00
0.00
0.00
0.00
0.00
Estimated
Market
Value
8,699.00
480.00
1,560.00
2,000.00
1,000.00
720.00
1,000.00
760.00
600.00
740.00
1,120.00
1,400.00
1,000.00
400.00
Estimated
Market
Value
3,800.00
600.00
1,200.00
2,400.00
800.00
800.00
Estimated
Market
Value
1,480.50
540.00
3,800.00
0.00
0.00
0.00
0.00
71,797
71,797
Schedule L -- Real Estate
Owned
Descrip.
Bare Land
Hayland
Grazing Land
Timberland
Percent
Date
Owned Acquir.
100 06/90
100 06/90
100 06/90
Percent
Buildings
Owned
Market Value of Out Bldgs
100
Quonset type garage
100
Old log cabin
100
Storage building, post metal covering 100
Shop, insulated concrete floor
100
Barn, frame old obsolete
100
Feed shed frame
100
Calving shed large, post, metal covered100
Hay shed
100
Hay shed with feder and livestock chute
100
Hay shed
100
Improvements
Percent
Owned
Acres
383.47
1204.1
1827
Date
Acquir. Acres
01/90
01/90
01/90
01/90
01/90
01/90
01/90
01/90
01/90
01/90
.
01/90
Date
Acquir.
Acres
Cost or
Annual
Basis
Dep.
210,925
180,618
200,970
Accum.
Dep.
Cost or
Basis
Accum.
Dep.
2,700
300
8,400
9,720
4,500
400
12,800
3,800
4,150
3,350
Cost or
Basis
Annual
Dep.
135
15
420
486
225
20
640
190
208
168
Annual
Dep.
810
90
2,520
2,916
1,350
120
3,840
1,140
1,245
1,005
Accum.
Dep.
Estimated
Book
Market
Value
Value
210,925 325,950
180,618 1,023,502
200,970 1,552,950
0
0
0
0
0
0
0
0
Book
Value
0
1,890
210
5,880
6,804
3,150
280
8,960
2,660
2,905
2,345
Book
Value
Market
Value
50,000
Market
Value
0
0
0
0
0
0
0
0
Houses
House
100 01/90
22500
22500
0
0
Total Acres
3,415
Total Cost or Basis
665,133
Total Annual Depreciation
2,506
Total Accumulated Depreciation on R. E.
Total Book Value of Real Estate
Total Estimated Market Value of Real Estate
Leased and Rented
Land
Description / Landlord
Champion International
Type
of
Lease
Lease
Date
Expires
Acres
1,040.00
Total Acres Rented
1,040
Total Annual Cash Rents and Leases
Current Accrued Rent and Lease Payments
22500
15,036
650,097
2,974,902
Current
Accrued
Annual
Portion
Rent and
Cash Rent/Lease Lease
Rent
Due
Payments
650.00
270.83
270.83
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
650
271
Schedule M -- Securities Not Readily Marketable
Number
of
Description
Market
Price
Unit
Market Value of Non-Marketable Securities
Value of Farm Portion (Cost & Market)
Fair
Market
Cost
Non-Farm
0
0
0
0
0
0
0
0
0
0
0
0
0
0%
0
0%
0
0%
0
0%
Schedule N -- Non-Farm Assets
Fair
Market
Value
Total Cost & Market Value of Non-Farm Assets
Insurance
Beneficiary
0
Yearly
Premium
0
Cash
Value
Schedule O -- Farm Accounts Payable
Purpose of
Account
Payable To
Current
Balance
Principle
Due in
12 Mo.
Total Current Balance
0
Principle Due Within 12 Months
Total Principle Due Beyound 12 Months
Total Accrued Interest Due Within 12 Months
Due
Beyound
12 Mo.
Accrued
Interest
0
0
0
Schedule P -- Liens and Judgements Owed
Principle
Amount
Description
Total Principle on Liens and Judgements
Total Accrued Interest on Leins and Judgements
Accured
Interest
0
0
Schedule Q -- Notes Payable
Owed To
Purpose
Current
Balance
Total Current Balance on Notes
0
Total Principle Due in 12 Months
Total Principle Due Beyound 12 Months on Notes
Total Accrued Interest Due Within 12 Months
Principle
Due
Due in
Beyound
12 Mo. 12 Mo.
Accrued
Interest
0
0
0
Schedule R -- Intermediate Loans
Owed To
Norwest Bank
Princ.
Due
Curret
Due in
Beyound Accrued
Balance 12 Mo.
12 Mo.
Interest
3,939.00 3,939.00
0.00
130.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Current Balance (Inter.)
3,939
Total Principle Balance Due in 12 Mo.
3,939
Total Principle Balance Due Beyound 12 Mo.
0
Total Accrued Interest on Intermediate Loans Due in 12 Months
131
Descrip. or
Purpose
Baler
Schedule S -- Long Term Loans
Owed To
Descrip. or
Purpose
Curret
Balance
Princ.
Due in
12 Mo.
Total Current Balance (L. T.)
0
Total Principle Balance Due Within 12 Mo.
0
Total Principle Balance Due Beyound 12 Mo.
Total Accrued Interest on Long Term Loans Due in 12 Months
Due
Beyound Accrued
12 Mo.
Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0
0
Schedule T -- Taxes - (Real Estate, Income, Property, S.S.)
Real Estate
Real Estate
Date
Due
Accrued Real Estate Taxes Due Within 12 Months
Personal Property
Date
Due
Annual
Real
Estate
Tax
675
Annual
Accrued
Personal Personal
Prop. Tax Prop. Tax
Accrued Personal Property Tax Due Within 12 Months
Payroll Taxes
Accrued Payroll Tax Due Within 12 Months
Accrued
R. E.
Tax
675.00
0
Date
Due
0
Accrued
Payroll
Taxes
0
Current and Non Current Deferred Tax Calculations
SPA NCBA Case Ranch
Current Portion of Deferred Taxes @ Market Value
Current Assets
Prepaid Expenses (Sch. B)
Growing Crops (Sch. C)
Accounts Receivable (Sch. D)
Notes Receivable (Sch D)
Government Payments Receivable (Sch D)
PIK Certificates (Sch E)
Securities Readily Marketable, Farm (Sch. F)
Crops For Sale & Feed (Sch. G)
Crops Under Gov. Loan (Sch. H)
Value of Lvstck Held for Sale (Sch I)
Futures or Options Account Equity (Net Equity)
Other
Other
Total Market Value
Total Tax Basis Value
Excess of Market Value Over Tax Basis
December 31, 1995
Market
Value
650
0
0
0
0
0
0
37500
0
0
0
0
0
38150
Cost or Tax
Basis
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38150
Deductions (Liabilities that result in tax deductions when paid)
Farm Accounts Payable (Sch. O)
0
Accrued Interest (Schedules O,P,Q,R,S)
130.5
Personal property taxes (Sch T)
0
Real estate Taxes (Sch T)
675
Accrued Lease Payments (Land Only) (Sch L)
270.8333
Other Accrued Expenses
0
Employee Payroll Withholdings (Payroll Taxes)
0
Other Accrued Expenses
0
Other Accrued Expenses
0
Other Accrued Expenses
0
Total Deductions
1076.333333
Deferred Income Related to Current Assets & Liabilities
Minus Net Operating Loss Carry Forward
Deferred Taxable Income Related to Current Assets & Liabilites
Federal Marginal Income Tax Rate
State Marginal Income Tax Rate
Local Marginal Income Tax Rate
Self Employment Tax Rate (Limited by Max)
Old-age, Survivor, & Disability Portion of SE Tax Rate
Medicare (Hospital Insurance) Portion
Maximum Dollar Amount for Self Employment Tax
Marginal
Tax Rate
0%
0%
0%
Deferred Tax Estimate on Current Assets & Liabilities (Market)
0.00%
0.00%
0
37073.67
0
37074
Estimated
Tax
0
0
0
0
0
Current Assets
Prepaid Expenses (Sch. B)
Growing Crops (Sch. C)
Accounts Receivable (Sch. D)
Notes Receivable (Sch D)
Government Payments Receivable (Sch D)
PIK Certificates (Sch E)
Securities Readily Marketable, Farm (Sch. F)
Crops For Sale & Feed (Sch. G)
Crops Under Gov. Loan (Sch. H)
Value of Lvstck Held for Sale (Sch I)
Other
Other
Other
Total Cost/Book Value
Total Tax Basis Value
Excess of Cost/Book Value Over Tax Basis
Cost
Value
Tax
Basis
650
0
0
0
0
0
0
37500
0
0
0
0
0
38150
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38150
Deductions (Liabilities that result in tax deductions when paid)
Farm Accounts Payable (Sch. O)
Accrued Interest (Schedules O,P,Q,R,S)
Personal property taxes (Sch T)
Real estate Taxes (Sch T)
Accrued Lease Payments (Land Only) (Sch L)
Other Accrued Expenses
Other Accrued Expenses
Other Accrued Expenses
Other Accrued Expenses
Other Accrued Expenses
Total Deductions
0
131
0
675
271
0
0
0
0
0
1076
Deferred Taxable Income Related to Current Assets & Liabilities
Minus Net Operating Loss Carry Forward
Deferred Taxable Income Related to Current Assets & Liabilites
Federal Estimated Income Tax Rate
State Estimated Income Tax Rate
Local Estimated Income Tax Rate
Estimated Self Employment Tax Rate (Limited)
Old-age, Survivor, & Disability Portion of SE Tax Rate
Medicare (Hospital Insurance) Portion
Maximum Dollar Amount for Self Employment Tax
Marginal
Tax Rate
0%
0%
0%
Deferred Tax Estimate on Current Assets & Liabilities (Cost)
0.00%
0.00%
0
37074
0
37074
Estimated
Tax
0
0
0
0
0
Noncurrent Portion of Deferred Taxes
Cost
or Tax
Basis
145704
-139500
71797
650097
0
0
Market
Value
143500
Total Noncurrent Farm Assets
Breeding Stock (Sch J)
Adjust Breeding Lvstk Cost Basis (FFSG)
Farm Machinery & Equipment (Sch K)
71797
Farm Real Estate (Sch L)
2974902
Other Non-Current Assets
0
Other Non-Current Assets
0
Total Market Value of Noncurrent Assets
3190198
Total Cost or Book Value of Noncurrent Assets
728098
Excess of Market Value over Tax Basis on Noncurrent Assets
2462101
Deductions-Noncurrent-(Liabilities that result in tax deductions when paid)
Other Noncurrent Deductions...
0
Other Noncurrent Deductions...
0
Other Noncurrent Deductions...
0
Other Noncurrent Deductions...
0
Other Noncurrent Deductions...
0
Total Deductions for Noncurrent
0
Deferred Income Related to Noncurrent Assets & Liabilities
Minus Net Operating Loss Carry Forward
(Not Used In Current Section)
Deferred Taxable Income for Noncurrent Assets & Liabilities
Federal Estimated Income Tax Rate
State Estimated Income Tax Rate
Total Deferred Tax Estimate Related to Noncurrent
Assets and Liabilities
Marginal
Tax Rate
0%
0%
2462101
0
2462101
Estimated
Tax
0
0
0