Smalvlle Bank has the following balance sheet, rates s earned on its assets, and rates paid on its liabilities Balance Sheet (in thousands) Cash and due from banks Investnent securities Reparchase agreements Loans less allovance for losses Fixed assets Other earning assets Total assets 6,200Rate Earsed 24,000 14,000 82,000 12,000 10 Rate Paid () Liabilities and Equity $ 11,000 71,000 20,000 Demand deposits NOW accounts Retail CDs Subordinated debentures Total liabilities Common stock Paid-in capital surplus Retained earnings 118,000 12,000 3,200 9,000 $142,200 Total 1iabilities and equity If the bank earns $122,000 in noninterest $2,520,000 in taxes, what is its net income? (Enter your answer in ipcome, incurs $82,000 in noninterest expenses, and pays dollars, not thousands of dollars.) Prev 3 ofNext Show AllX 0846 docx 3 4 5 6 8