A bank which starts with ALL of $12.25 million at the beginning of the year, charges off worthless loans of $4 million during the year, recovers $3.5 million on loans previously charged off and charges current income for $2 million provision for loan losses. The bank will have an ALL at ?the end of year of ) (2 ) m 10.5 m 11.5 m 13.5 m 15.5