A D Illustrative National Bank A bank with 1000 capital and 1000 loans on its B/S. If a) it is required to make a 100 LL provision and b) eventually write off 60 of loans, prepare its B/S after a) and b). What accounting entry needs Balance Sheet as of Dec 31, 2015 to be done for a) and b). Balance Sheet as of Dec 31, 2015 Cash 11,500 Deposits 67,000 Illustrative National Bank Securities 20,600 Borrowings 9,900 Cash 11,500 Deposits 67,000 Loans 56,300 Capital 11,500 Securities 20,600 Borrowings 9,900 Total assets 88,400 88,400 Loans 56,000 Capital 11,000 Loan loss reserves 200 Total assets 88,100 88,100 Income Statement for Year Ending Dec 31, 2016 Illustrative National Bank C Balance Sheet as of Dec 31, 2015 Interest income Service charges Interest expense Salaries & expenses Loan-loss provisions Net income - 9,000 Illustrative National Bank 1,200 Cash 11,500 Deposits 67,000 9,000 Securities 20,600 Borrowings 9,900 1,200 Loans 56,300 Capital 11,000 500 Loan loss reserve 500 500 Total assets 88,400 KT 3400