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Minimize the risk of using outdated forms and eliminate rejected fillings. They show you where a company's money came from, where it went, and where it is now.There are four main financial statements. Maintenance and review of complete and current credit files on each borrower;. You must report any taxable canceled debt as ordinary income on: Schedule 1 (Form 1040), line 8c, if the debt is a nonbusiness debt;. You must report any taxable canceled debt as ordinary income on: Schedule 1 (Form 1040), line 8c, if the debt is a nonbusiness debt;. Monitor the progress of your farming business. Once expenses are subtracted from revenues, the statement produces a company's profit figure called net income. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended October 2, 2021.