Essay: You are the bank manager. Given the following bank statements, and understanding what you have learned in this class: a. What can you say about the bank's products/offerings? b. what is working well for the bank and why? c. what could they improve on and why? d. what do you recommend if interest rates are rising i.e. what management actions should they take in the future? Condensed Statement of Comprehensive Income year ended December 31, ( $ in millions) 2021$(1,070)2020$(1,049) Dividends from bank subsidiaries 3,4501,150 Dividends from nonbank subsidiaries 2766 Dividends from nonbank subsidiaries 2766 Total other revenues 243 Total net revenue 2,650 Provision for credit losses (106) (68) Total noninterest expense 650693 Income (loss) from continuing operations before income tax benefit and undistributed income of subsidiaries 2,106 (91) Income tax benefit from continuing operations (a) (412)(300) Net income from continuing operations 2.518 Loss from discontinued operations, net of tax (5) (1) Loss from discontinued operations, net of tax (5) (1) Undistributed income of subsidiaries 847 Net income 3,0601,085 Other comprehensive (loss) income, net of tax Comprehensive income Condensed Balance Sheet December 31, ( $ in millions) 2021 Assets Cash and cash equivalents (a) $3,647$4,482 Equity securities 6 Equity securities 6 Finance receivables and loans, net 663913 Allowance for loan losses 26 Total funance receivables and loans, net Investments in subsidiaries Bank subsidiaries 16,72817,146 Nonbank subsidiaries Intercompany receivables from subsidiaries 216176 Investment in operating leases, net 21 5 Other assets 1,157$28,3542,034530,836 Liabilities and equity Short-term borrowings Long-term debt & 9.41012,014 Interest payable 8711 Intercompany debt to subsidiaries 1,040 Intercompany payables to subsidiaries 98 Accrued expenses and other liabilities 669 Intercompany payables to subsidiaries 9891 Accrued expenses and other liabilities 669406 Total liabilities 11,30416,133 Total equity 17,05014,703 Total liabilities and equity $28,354$30,836