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The following income statement accounts have been taken from the annual report for a commercial bank. Arrange the accounts in income statement order and determine

The following income statement accounts have been taken from the annual report for a commercial bank. Arrange the accounts in income statement order and determine net income

Provision for loan losses

$ 20,000

Interest paid on deposits under

$ 100,000

$35,000

Salaries and employee benefits

140,000

Expenses of premises

20,000

Interest on municipal bonds

50,000

Interest received on loans

180,500

Interest paid on jumbo CDs

75,000

Income taxes

15,000

Purchase of computers (fixed assets

5,000

Interest received on government securities

40,000

Trading revenue

0

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