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The following table contains descriptions of transactions that were made to a bank's income statement. Using data from this table, calculate the Net Interest Income
The following table contains descriptions of transactions that were made to a bank's income statement. Using data from this table, calculate the Net Interest Income for question 1 and calculate the Non Net-Interest Income for question 2. Table 1 350 50 175 55 Interest income from loans gains from the sale of securities investment accrual for employee salaries and benefits accrual for equipment depreciation Interest expense paid on overnight loans Interest received from security investments Fees paid to advertiser for Marketing cash paid on interest for deposits accounts Service charges received from customer credit cards A A A A ta ta ta ta ta $ 50 $ $ 250 40 100 25 $ Question 1: From table 1 (above) calculate the bank's Net-Interest income to the nearest dollar. Enter you answer in the $xxx format for positive income or ($xxx) format for negative income
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