Question 3 (10 points). NB bank earns 1% on its assets and has a 20% tax rate. It earns 8% on loans, and 6% on investments. It pays 4% on time deposits, and 3% on federal funds purchased. Demand deposits pay no interest. Balance Sheet for NB_(in $M) Assets Cash and due from banks Investments Loans Premises $20 200 120 20 360 Liabilities & Equity Demand deposits Time deposits Federal funds purchased Equity $40 150 120 50 $360 (a) Construct an Income Statement for NB bank (assume a 20% tax rate and zero loan loss provision). (b) With this information construct as many ratios of bank performance as you can with the data available