Question: Construct a balance sheet and Income statement for Boca State Bank with the following information. Investment Securities $23,000 Demand Deposits $19,000 Now accounts $89,000 Cash
| Construct a balance sheet and Income statement for Boca State Bank with the following information. |
| Investment Securities | $23,000 |
| Demand Deposits | $19,000 |
| Now accounts | $89,000 |
| Cash and due from banks | $9,000 |
| Taxes | $3,000 |
| Interest on fees and loans | $9,000 |
| Retail CDs | $28,000 |
| Long term debt | $19,000 |
| Reverse Repos | $42,000 |
| Interest on investment securities | $4,000 |
| Interest on long term debt | $2,000 |
| Loans | $90,000 |
| Fixed Assets | $15,000 |
| Interest on reverse repos | $6,000 |
| Interest on deposits | $9,000 |
| Other assets | $4,000 |
| Paid in capital | $4,000 |
| Retained earnings | $12,000 |
| Common stock | $12,000 |
| Interest on deposits in other banks | $1,000 |
| Provision for loan losses | $2,000 |
| Other income | $2,000 |
| Other expenses | $1,000 |
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