Question 7 4 pts Below is the balance sheet for Shorewood Savings Bank. What is it's net income? The bank also earns $120k in noninterest income, incurs $80k in noninterest expense and pays taxes of $2,500k. Answer in $s. Rate Assets $ $ Rate Paid Earned Cash and due 6,000 o Liabs + Equity Demand Deposits NOW accts 9,000 o Investments 22,000 8 69,000 5 Repo. Agrmts 12,000 6 Retail CDs 18,000 7 Loans less ALLL 80,000 10 Sub. Debt 14,000 8 Fixed Assets 10,000 NA Total Equity 24,000 na Other Earning Assets 4,000 9 Total Assets 134,000 Total L+E 134,000 Question 7 4 pts Below is the balance sheet for Shorewood Savings Bank. What is it's net income? The bank also earns $120k in noninterest income, incurs $80k in noninterest expense and pays taxes of $2,500k. Answer in $s. Rate Assets $ $ Rate Paid Earned Cash and due 6,000 o Liabs + Equity Demand Deposits NOW accts 9,000 o Investments 22,000 8 69,000 5 Repo. Agrmts 12,000 6 Retail CDs 18,000 7 Loans less ALLL 80,000 10 Sub. Debt 14,000 8 Fixed Assets 10,000 NA Total Equity 24,000 na Other Earning Assets 4,000 9 Total Assets 134,000 Total L+E 134,000