Arrange the following items into an income statement

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Arrange the following items into an income statement. Label each item, place it in the appropriate category, and determine the bank's bottom- line net income.

a. Interest paid on time deposits under $ 100,000: $ 78,002

b. Interest paid on jumbo CDs: $ 101,000

c. Interest received on U. S. Treasury and agency securities: $ 44,500

d. Fees received on mortgage originations: $ 23,000

e. Dividends paid to stockholders of $ 0.50 per share for 5,000 shares

f. Provisions for loan losses: $ 18,000

g. Interest and fees on loans: $ 189,700

h. Interest paid on interest checking accounts: $ 33,500

i. Interest received on municipal bonds: $ 60,000

j. Employee salaries and benefits: $ 145,000

k. Purchase of a new computer system: $ 50,000

l. Service charge receipts from customer accounts: $ 41,000

m. Occupancy expense for bank building: $ 22,000

n. Taxes of 34 percent of taxable income are paid

o. Trust department income equals: $ 15,000

Reference no: EM13885767

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