the answers there are incorrect

and it's the an Economic

The Jaguar Bank of Indianapolis (JBI) starts operations on January 1, 2020 issuing equity amounting $50.JBI advertises an annual interest of 1% for its savings deposits, paid annually, and free checking accounts (i.e., no maintenance fee). On the first day of operations, JBI receives a total of $500 as checking deposits and $450 as savings deposits. The bank lends $750 for an annual interest rate of 5%. It purchases treasury bonds worth $150 which earns 2% per annum. JBI maintains the required reserve (10% of checking deposit balances) at the Fed and keeps the remaining liquidity in cash reserves. Federal Reserve pays no interest on JBI's reserve account. Nor does JBI on checking accounts of its customers. JBI's operational expenses during its first year of operations is $20 and the corporate tax rate is 25%. Shareholders of JBI receive 12% dividends. A customer defaults a loan amounting $250. The bank loses the principal amount as well as the expected interest income but repossess a property maintained as a collateral. The property is auctioned for $200 and $100 of the proceeds are used to purchase treasury bonds. Find the following. Primary Reserves = $ 792 Total Assets = $ 1307.5 Total Liabilities = $ 500 Net Worth = $ 807.5 25 Equity Ratio = % Interest Income = $ 7.5 Net Profit Before Taxes = $ -56