Arrange the following items into an income statement. Label each item, place it in

the appropriate category, and determine both the bank$$s net income and bottom$-$line retained earnings.

a$.$ Interest paid on time deposits under $$100,000$: $$70,700$

b$.$ Interest paid on jumbo CDs: $$94,000$

c$.$ Interest received on U$.$S$.$ Treasury and agency securities: $$59,600$

e$.$ Dividends paid to stockholders of $$0\mathrm{.}45$ per share for $6,200$ shares

d$.$ Fees received on mortgage originations: $$30,400$

f$.$ Provisions for loan losses: $$18,500$

g$.$ Interest on loans: $$198,700$

h$.$ Interest paid on interest checking accounts: $$25,800$

i$.$ Interest received on municipal bonds: $$61,500$

j$.$ Other operating expenses: $$55,500$

k$.$ Employee salaries and benefits: $$136,500$

l$.$ Service charge receipts from customer accounts: $$53,200$

m$.$Occupancy expense for bank building: $$15,500$

n$.$ Taxes of $20$ percent of taxable income are paid

o$.$ Trust department income equals: $$22,000$