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You know the following information about the Davis National Bank: Total interest expenses $ 500 Total noninterest income 100 Securities gains (losses) 50 Income taxes
You know the following information about the Davis National Bank:
Total interest expenses | $ | 500 |
Total noninterest income | 100 | |
Securities gains (losses) | 50 | |
Income taxes | 80 | |
Dividends to Stockholders | 40 | |
Total interest income | 800 | |
Total noninterest expenses | 150 | |
Provision for loan losses | 100 | |
Given this information, what is the value of this firm's increase in undivided profits?
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