Assume that the Bank of Topeka anticipates that interest rates will increase over the next several years and decides to hedge the interest rate risk on its portfolios by purchasing a three-year interest rate collar, which uses LIBOR as the index used to represent the prevailing interest rate. The interest rate cap specifies a fee of 3 percent of notional principal valued at $60 million with an interest rate ceiling of 8 percent. The interest rate floor specifies a fee of 3 percent of notional principal valued at $60 million and an interest rate floor of 7 percent. Given this information, fill in the table that follows.

Given the information filled out in the table, the Bank of Topekas profit form the transaction after the three-year period is ______.

\begin{tabular}{l} Information \\ \hline Purchase of \end{tabular} Interest Rate Cap Floor Payments Made Fee Received