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35 (Mandatory) (3 points) You are given with the following information for Icon Bank for March 31, 2019- Checking A/C deposits - $1,100,000 Savings Account
35 (Mandatory) (3 points) You are given with the following information for Icon Bank for March 31, 2019- Checking A/C deposits - $1,100,000 Savings Account deposits - $250,000 CD Account Deposits - $400,000 Home Loans provided to customers by Icon Bank- $850,000 Commercial Loans to businesses by Icon Bank - $1,500,000 Icon Bank has a checking account with Fed and the balance is $100,000 Icon bank has $65,000 in cash vault Icon bank owns a building valued at $2,400,000 This building that Icon Bank owns has a loan balance of $1,500,000 Value of ATM machine and other equipment they own - $50,000 What is the total liability for the bank? Question 35 options: a) $2,150,000 b) $3,000,000 c) $2,500,000 d) $3,150,000
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