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8. Smallville Bank has the following balance sheet, rates earned on its assets, and rates pad on tis ltabilities. If the bank earns $120,000 in

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8. Smallville Bank has the following balance sheet, rates earned on its assets, and rates pad on tis ltabilities. If the bank earns $120,000 in noninterest income, incurs $80,000 in noninterest expenses, and pays $2,500,000 in taxes, what is its net income? (L LG 12-5)

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