Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities, Balance Sheet (in thousands) Assets Rate Earned (3) Cash and due from banks $ 6,800 Investment securities 30,000 Repurchase agreements 20,000 Loans less allowance for losses 88,000 10 Tixed assets 18,000 0 Other earning assets 5.000 Total assets $ 167,800 Liabilities and Equity Rate Paid (8) Demand deposits $ 17,000 0 NOW accounts 77,000 Retail CDs 26,000 Subordinated debentures 22,000 Total liabilities 142,000 Common stock 18,000 Paid-in capital surplus 3,800 Retained earnings 4,000 Total liabilities and equity $ 167,800 If the bank earns $128,000 in noninterest income, incurs $88,000 in noninterest expenses, and pays $2,580,000 in taxes, what is its net income? (Enter your answer in dollars, not thousands of dollars.) Net income