600 ANSWER THE FOLLOWING QUESTIONS Question one: If you have the following information about the Webb State Bank: Accumulated depreciation $40 Net loans Fed Funds purchased and repurchase agreements 200 Cash and due from banks 50 Trading account securities 40 Miscellaneous assets 100 Deposits 500 Undivided profits 140 Gross premises 90 Surplus 40 Subordinated debt 100 Investment securities 160 Common stock par 20 Gross loans 700 1. what is the value of this firm's allowance for loan losses? 2. what is the value of this firm's net premises? 3- what is the value of this firm's total nondeposit borrowings? 4- what is the value of this firm's total liabilities? 5. what is the value of this firm's total equity? 6- what is the value of this firm's total assets? Question two: A bank's Report of Condition shows gross loans and leases or $1,500 million. The loan loss allowance for the year is accumulated to $50 million and the bank reports an unearned income amounting to $2 million. What is the net loans and leases accounted by the banks? Question three: _In rank order, what are the most important revenue and expense items on a Report of Income