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1 . You know the following information about the Miller State Bank Gross Loans $ 3 0 0 Miscellaneous Assets $ 5 0 Deposits $

1. You know the following information about the Miller State Bank
Gross Loans $300
Miscellaneous Assets $50
Deposits $390
Total Equity $50
Common Stock Par $5
Non-Deposit Borrowings $60
Investment Securities $150
Net Premises $40
Surplus $5
Allowance for Loan Losses $50
Deposits $390
Total Assets $500
Gross Premises $70
Given this information, what is this firms Undivided Profits?
A) $50
B) $5
C) $10
D) $40
E) $450

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