Given the following information on the revenues and expenses of First National Bank, determine the bank's net income after taxes for the year just concluded. Salaries and employee benefits $80,000 Applicable income taxes $50,000 Interest on deposits 170,000 Occupancy costs 11,000 Interest on loans 320,000 Provision for loan losses 22,000 Income from the U.S. Treasury 75,000 Miscellaneous expenses 8,000 securities Interest on municipal securities 86,000 Extraordinary items, net -0- Service charges on deposits 10,000 Interest on nondeposit borrowings 30,000 Miscellaneous operating revenues 13,000 Net securities gains -0