Smallville Bank has the following balance sheet cotes earned on its assets, and rates paid on its liabilities Balance Sheet (in thousands) Assets Rate Earned (%) Cash and due fron banks $ 6,500 Investment securities 27,000 8 Repurchase agreements 17.000 6 Loans less allowance for losses 85,000 18 Fixed assets 15,000 Other earning assets 5.000 9 Total assets $ 155,500 Liabilities and Equity Rate Pald () Demand deposits $ 14,000 NOW accounts 74,000 Retail CS 23,000 Subordinated debentures 39.000 3 Total liabilities 130,000 Connon stock 15,000 Poidsin capital surplus 3,500 Retained carnings 7.000 Total liabilities and equity $ 155,500 SON If the bank earns $125,000 in noninterest income, incuns $85.000 in noninterest expenses and pays $2.550,000 in taxes what is net income? (Enter your answer in dollars, not thousands of dollars.) Not income