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4-3. For the following scenario: a) The Farmers purchased feeder calves for $10,500 and feeder pigs for $2,500. At the end of the year, they had all of the calves and half of the feeder pigs on hand. The Farmers also had raised feeder calves on hand with a market value of farm operation s use the cash-basis system and record revenue only when cash is received Complete the following transactions B D E F G H 4-3 . For the following scenario: a) calculate the Change in Purchased Feeder Livestock Inventory and the Change in Market Livestock and Poultry Inventory, b) prepare the journal entries for the adjustments, and c) indicate the effects on the income statement for purchased feeder livestock and raised market livestock. The Farmers purchased feeder calves for $10,500 and feeder pigs for $2,500. At the end of the year, they had all of the calves and half of the feeder pigs on hand. The Farmers also had raised feeder calves on hand with a market value of $26,000 at the end of the year. The Farmers had no market livestock on hand at the 5 beginning of the year. 6 7 D B E F H 4-3 . For the following scenario: a) calculate the Change in Purchased Feeder Livestock Inventory and the Change in Market Livestock and Poultry Inventory, b) prepare the journal entries for the adjustments, and c) indicate the effects on the income statement for purchased feeder livestock and raised market livestock. 1 2 The Farmers purchased feeder calves for $10,500 and feeder pigs for $2,500. At the end of the year, they 3 had all of the calves and half of the feeder pigs on hand. The farmers also had raised feeder calves on hand 4 with a market value of $26,000 at the end of the year. The Farmers had no market livestock on hand at the 5 begin-ning of the year. 6 7

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