a BANK HAS A BALANCE SHEET AS SHOWN BELOW. aT THE BEGINNING OF THE MONTH, THE BANK HAS $15,141,000 IN ITS LOAN PORTFOLIO AND $183,000 IN THE ALLOWANCE FOR LOAN LOSSES. dURING THE MONTH, MANAGEMENT ESTIMATES THAT AN ADDITIONAL $5,200 OF LOANS WILL NOT BE PAID AS PROMISED. aFTER ANOTHER MONTH, MANAGEMENT FEELS THERE IS NO CHANCE OF RECOVERING THE LOAN AND WRITES THE $5,200 LOAN OFF ITS BOOKS. aSSUMING NO OTHER CHANGES, SHOW THE BANKS BALANCE SHEET AT THE END OF mONTH 1 AND mONTH 2. ( lG 12-4 )

aSSETS lIABILITIES AND eQUITY sECURITIES $ 960,000 dEPOSITS $17,088,000 GROSS LOANS 15,141,000 OMMON STOCK 500,000 lESS: aLLOWANCE FOR LOAN LOSSES $ 183,000 rET. EARNINGS 1,612,000 tOTAL EQUITY 2,112,000 nET LOANS 14,958,000 tOTAL $19,200,000 oTHER ASSETS 3,282,000 tOTAL ASSETS $19,200,000