Q#$1$

Consider the financial statement of BTW bank:

If the bank earns $$140,000$ in non$-$interest income, incurs $$195,000$ in non$-$interest

expense, and pays $$280,000$ in taxes, what is its net income? $($notice that the numbers on

the balance sheet are in thousand dollars while non$-$interest income, non$-$interest expense

and taxes are the actual amounts.$)$

$**$Note: Balance sheet numbers are in thousands $($multiply each number by $1000).$ The numbers in the question are in actual amounts.