l can't understand how calculated the net profit (380100)

Exercise 1: From the following information prepare the profit and loss account of ABC Bank for the year ended 31 at December 2011 Interest on loans 518000, interest on cash credits 446000, interest on current accounts 84000, Discount on bills 390000, interest on overdrafts 108000, interest on saving banks 136000, interest on fixed deposits 550000, commission and exchange 16400, rent and taxes 36000, postages 4800, director fees 8400, printing 4000, law charges 1800, salaries and allowances 109400, locker rent 2100, depreciation on banks property 10000 Additional information: Rebate on bills discounted 98000 and bad debts 58000. Solution: 1. Interest and discount (Revenue): Operating Income (Intercut Income) Interest on loans 518000, + (laterest Income) Interest on cash credits 446000. + (non-Interest Income) Discount on bills 390000, + (Interest Income) Interest on overdrafts 108000 - (non-Interest Income) bad debts 58000 - 1,404,000 2.interest paid (Expenses): Operating Interest Expenses interest on current accounts 84000. +interest on saving banks 136000, +interest on fixed deposits 550000 - 770000 Amount Profit and loss account for the year ended 31 dec 2011 Expenditure Amount Incomes Interestixpense) Chuter Income) 1. Interest paid on deposits and borrowings 770,000 1. Interest and discount 1,404,000 (non-ferent pows) 109400 - rebate on bills 98000 2. Salaries and allowance 8400 (non interest one) 3. Directors fees and allowances 2. Commission, exchange and brokerage SCAM 1306000 16400 Profit and loss account for the year ended 31 dec 2011 Amount 1306000 Expenditure Amount (Interest Expenses) 1. Interest paid on deposits and borrowings 770,000 (non-interest Expenses) 109400 2. Salaries and allowance 3. Directors fees and allowances 8400 36000 4. Rent taxes and insurance 1800 5. Law charges 4800 6. Postage and telegrams 7. Auditors fees 10000 8. Depreciation on banks property 4000 9. Printing and stationary 10. Loss from sale of non-banking assets 11. Other expenses 12. Net prolit 380100 Incomes (Interest Income) 1. Interest and discount 1,404,000 rebate on bills 98000 (non-interest Income 2. Commission, exchange and brokerage 3. Rents 4. Net profit on sale of invts, gold, etc. 5. Net profit on revaluation of invts, gold, etc. 6. Income from non-banking assets, 16400 2100 1324500 1324500