A farmer has noticed that his soybean plants produce more beans in some years than others. he claims to always apply the same amount of fertilizer to the plants but he suspects the difference in crop yield may have something to do with the amount of water the crops receive. the farmer has observed that the soybeans on his farm usually receive between 0 to 0.5 inches of water per day, but he is unsure of the optimal amount of water with which to irrigate.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.