Amortization of intangibles of $$354$ million is added back to TD$$s $2005$ GAAP net income of $$2,229$ for purposes of calculating economic profit, on the grounds that net income before amortization of intangibles better measures bank performance. The goodwill and other intangibles arose because of TD$$s acquisitions of Canada Trust in $2000$ and Banknorth in $2005.$ Items of note of $$278$ are also added back. Items of note are defined in the annual report as items that management does not believe are indicative of underlying business performance. They include a charge for legal liability, costs of preferred share redemption, restructuring charge, loss on derivatives, and several related items. As an investor in TD Bank shares, do you find economic income more or less useful than reported net income for predicting future bank performance? Explain. Focusing on economic income, do you find economic income before or after adding back amortization of intangibles and items of note to be most useful? Explain.