19) Which of the following observations about the income statement of a bank as compared to a retail company is the most accurate? The cost of goods sold of a bank is likely to exceed that of a retail company Tax and overhead costs are excluded from the income statement of a bank Commissions earned and fees charged will represent a higher proportion of net income for a retail company than for a bank O Banks have a higher proportion of their assets and liabilities marked to fair value and many of these movements are reflected through their income statement 20) For a bank Operating Revenues is O The sum of interest income and operating expenses O Net interest income plus operating expenses Net interest income plus non interest income Interest income minus interest expense