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Question 3 5 pts The City Bank has Gross Loans of $800 million with an ALL account of $50 million. Two years ago the bank

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Question 3 5 pts The City Bank has Gross Loans of $800 million with an ALL account of $50 million. Two years ago the bank made a loan for $15 million to finance the Sunset Hotel. 2.4 million dollars in principal was repaid before the borrowers defaulted on the loan. The Loan Committee at Sea Level Bank believes the hotel will sell at auction for $2.6 million and they want to charge off the remainder immediately. After the charge-off, what is the dollar figure for ALL? (report answer in million dollars; keep 1 decimal place)

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