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You were provided with the following random Accounts of ABC Bank Income Statement, Prepare t Income Statement and Calculate Net Income: Interest On Deposit accounts

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You were provided with the following random Accounts of ABC Bank Income Statement, Prepare t Income Statement and Calculate Net Income: Interest On Deposit accounts $ 2,000 Sale of Land $7,000 Interest On Housing Loans $6,000 Interest on personal Loans $10,000 Salaries $5,000 Interest on Now Accounts Interest On Fed Funds Purchased $10,000 $2,000 Interest On Fed Funds Sold $5,000 $4,000 Sale of old equipment Tax Rate New machines and Equipment 15% $4,000

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