Statement of Owner Equity Year 1996

This statment reconciles against the net worth of the business only. Cost or Market
Persoanl (Non-Farm) Assets and Liabilities are ignored. Book Value
hange Due to Retained Earnings
Net Income After Extraordinary Items (Accrual Adjusted) 1 (32,493) (32,493)

Cash Owner Withdrawals (Net of Income & SS Taxes) 2 0 0

Farm Product Consumption 3 0 0
Unaccounted for Cash Withdrawals 4 0 0
tal Change in Equity From Retained Earnings 5 (32,493) (32,493)

hange Due to Capital Contributions - Distributions

Capital Contributins-Gifts Received-Inhertiance
Cash 6 3,601 3,601
Marketable Securities 7 0 0
Nonmarketable Securties 8 0 0
Breeding Stock 9 0 0
Machinery & Equipment electronic scales 10 800 800
Real Estate, Buildings & Improvements 11 0 0
Other Farm Assets 12 0 0
Other Farm Assets 13 0 0
Other Farm Assets 14 0 0
Total Capital Contributions 15 4,401 4,401

Capital Distributions-Gifts Given-Dividends

Cash 16 0 0
Marketable Securities 17 0 0
Nonmarketable Securties 18 0 0
Breeding Stock 19 0 0
Machinery & Equipment 20 0 0
Real Estate, Buildings & Improvements 21 0 0
Other Farm Assets 22 0 0
Other Farm Assets 23 0 0
Other Farm Assets 24 0 0
Total Capital Distributions 25 0 0

otal Change in Equity Due to

ontributed-Distributed Capital 26 4,401 4,401

hange in Equity Due to:

Valuation Change in Farm Assets 27 1,251
Valuation Chane in Nonfarm Capital Assets 28 0
Valuation Change in Nonfarm Liabilities 29 0
 Valuation Equity
Beginning Valuation Equity
From Beginning Balance Sheet:
Total Current Assets
Market Value 1 133,212
Cost or Book Value 2 133,212
Difference 3 0

Total Noncurrent Assets

Market Value 4 3,790,198
Cost or Book Value 5 1,467,598
Difference 6 2,322,601

Nonfarm Liabilities 7 0

Noncurrent Portion of Deferred Taxes 8 0

Total Beginning Valuation Equity 9 2,322,601

Ending Valuation Equity

From Ending Balance Sheet:
Total Current Assets
Market Value 10 127,261
Cost or Book Value 11 127,261
Difference 12 0

Total Noncurrent Assets

Market Value 13 3,768,763
Cost or Book Value 14 1,444,912
Difference 15 2,323,851

Nonfarm Liabilities 16 0

Noncurrent Portion of Deferred Taxes 17 0

Total Ending Valuation Equity 18 2,323,851

Change in Valuation Equity

Total Ending Valuation Equity 19 2,323,851
Minus:
Total Beginning Valuation Equity 20 2,322,601

Total Change in Valuation Equity 21 1,251