Goodfellows National Bank has decided to compete with savings and loan associations Matching Loan and(S&Ls) by offering 30-ycar fixed-rate mortgage loans at 8 percent annual interest. It plans Deposit Maturities to obtain the money for the loans by selling one-year 6 percent CDs to its depositors. During the first year of operation, Goodfellows sells its depositors $ 1,000.000 worth of 7 percent one year CDs. and home buyers take out $ 1,000,000 worth of 8 percent 30-ycar fixed-rate mortgages. Considering only the information above, what is Goodfellows' gross profit for the first year of operation? In Goodfellows' second year of operation. Goodfellows must sell $1.000.000 worth of new CDs to replace the ones that mature. However, interest rates have gone up during the year, and now the rate the bank must pay to get people to buy new CDs is 9 percent. Assuming that Goodfellows docs sell $ 1,000,000 worth of new CDs at 9 percent interest in the second year, and assuming the SI.000,000 worth of 8 percent mortgage loans are still outstanding, what is Goodfellows gross profit during the second year