Smallville Bank has the following balance sheet, rates earned on their assets, and rates paid on their liabilities. Balance Sheet (in thousands) Assets Cash Investment securities Repurchase agreements Loans less allowance of losses Fixed assets Other assets Rate Earned (%) Liabilities and Equity Demand deposits NOW accounts Retail CDs Subordinated debentured14,000 8 Total liabilities Common stock Paid-in capital surplus Retained earnings Total liabilities and equity 134,000 Rate Paid (96) 6,000o 22,000 5 12,000 1 80,0007 10,0000 4,000 9 9,000o 59,000 1 18,000 3 100,000 10,000 13,000 Total assets 134,000 11,000 The bank earns $120,000 in noninterest income, incurs $80,000 in noninterest expenses, and pays $1,000,000 in taxes. Current period's allocation to the allowance for losses is $20,000. Please construct Smallville Bank's income statement. Income Statement (in thousands) Interest income Interest expense Net interest income Provision for loan losses Noninterest income Noninterest expense Income before Taxes and Extraordinary Items Income Taxes Net Income