INCOME STATEMENT DATA Assets Interest Income 444 902 Cash Non Interest Income 227,550 336,500 Fed Funds Interest Expenses 72.000 280,850 Treasury Securities Non Interest Expenses 1,498,000 165,000 Muncipal Bonds Provision for loan losses 248.000 5.950 2198 Corporate Bonds TAX RATE 48,000 Gross Loans and Leases 4.500,000 eserve for loan losses 12.000 Net Loans and Leases 4,488,000 Other Assets 34,000 Total Assets 6.724,500 Liabilities Demand deposits 514,000 Savings Accounts 700.000 NOW Accounts 800,000 Money Market Accounts 300,000 CD (retail 250,000) 1,200,000 REPO's 37,000 Other liabilities 12,700 Total Liabilities 6,143,700 Total Equity 580,800 Total Liabilities & Equity 6.724,500 CALCULATE AVERAGE COST OF INTEREST-BEARING LIABILITIES (COST RATE ON FUNDS) PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES, DONT USE THE PERCENTAGE SYMBOL EXAMPLE IF YOUR ANSWER IS 57% JUST WRITE 57