Statement of Owner Equity - NFRBMEA

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					                           STATEMENT OF OWNER EQUITY
                                       (STATEMENT OF NET WORTH)

Beginning net worth (owner equity from balance sheet)                                     A $

     Net farm income (line 77, FIS*)                                                      +
     Non-farm income                                                                      +
     Family living expense                                                                -
     Income and social security taxes                                                     -
     Change in non-farm assets                                                            +
     Change in non-farm accounts payable                                                  +
     Gifts and inheritances received                                                      +
     Debts forgiven                                                                       +
     Gifts given (large amounts given which are above and beyond normal gifts.            -
          Normal gifts should be included family living expense)

Change in contributed capital/retained earnings                                          =B $


Change in farm land values
    Beginning value                                                                       +
    Ending value                                                                          -
               Net change                                                                =C $

Ending net worth (owner equity from balance sheet)                                        D $
Reported change in net worth (owner equity)                                        (D - A) E $

     Note: Change in contributed capital/retained earnings ( B ) plus the change
     in farm land values ( C ) should equal reported
     change in net worth (owners equity) ( E ).


       * Farm Income Statement

				
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posted:11/12/2011
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