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Use the data below to create a Balance Sheet and Income Statement for the bank Investment Securities Demand Deposits Now accounts Cash and due from
Use the data below to create a Balance Sheet and Income Statement for the bank
Investment Securities Demand Deposits Now accounts Cash and due from banks Taxes Interest on fees and loans Retail CDs Long term debt Reverse Repos Interest on investment securities Interest on long term debt Loans Fixed Assets Interest on reverse repos Interest on deposits Other assets Paid in capital Retained earnings Common stock Interest on deposits in other banks Provision for loan losses Other income Other expenses $23,000 $19,000 $89,000 $9,000 $3,000 $9,000 $28.000 $19,000 $42,000 $4,000 $2,000 $90,000 $15.000 $6,000 $9,000 $4,000 $4.000 $12.000 $12,000 $1,000 $2.000 $2.000 $1,000Step by Step Solution
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