Complete the following problems and resubmit for grading.

1. Calculate the net worth of a bank that has the following assets and liabilities: Cash on hand $75,400 Investments $376,600 Loans (net of reserve for loan losses) $424,300 Fed Funds sold $35,800 Fixed Assets $138,900 Other Assets $12,200 Deposits $312,700 Federal Funds borrowed $88,600 Other Liabilities $24,300 Answer (show work):

2. Calculate the net profit or loss of a bank reporting the following revenues and expenses: Interest and fees on loans $200,700 Interest and dividends on investments $126,100 Interest paid on deposits $240,800 Salaries, Wages, and Benefits $94,325 Taxes $13,450 Answer: (show work):