Smallville Bank has the following balance sheet, rates eamed on its assets, and rates pald on its abilities. Rate Barned () 5 9 0 Balance Sheet (in thousanda) Assets Cash and due from banke $ 7,700 Investment securities 39,000 Repurchase agreements 29,000 Loans less allowance for losses 97,000 Fixed assets 27,000 Other earning assets 5,000 Total asseto $204,700 Liabilities and Equity Demand deposits $ 15,000 NOW accounts 86,000 Retail CDS 35,000 Subordinated debentures 31,000 Total liabilities 167,000 Common stock 20,000 Paid-in capital surplus 4,700 Retained earnings 13,000 Total liabilities and equity $204,700 Rate Paid (9) 7 If the bank earns $137,000 in noninterest income, incurs $97,000 in noninterest expenses, and pays $2.670,000 in taxes, what is it net income? (Enter your answer in dollars, not thousands of dollars.) INet income