The Sea Level Bank has Gross Loans of 1 billion with an ALL account of $85 million. Two years ago the bank made a loan 12 million to finance the Sunset Hotel. Two million dollars in principal was repaid before the borrowers defaulted on the loan. The loan commiittee at sea level bank believes the hotel will sell at auction for 7 million and they want to charge off the remainder immediately. the dollar figure for net loans before the charge off is?