Develop a bank's income statement based on the following data and determine the bank's net income:

Salaries and benefits expnse $2340683

Interest from business loans 5448174

Trust department income 660339

Interest on savings and time deposits 3679880

Occupancy expense 776425

Service charge income 221568

Interest on consumer loans 4056296

Interest on long-term CDs 504390

Provision for loan losses 790392

Miscellaneous expense 923786

Interest on borrowed funds 1332585

Interest from taxable securities 1940395

The bank pays a 34% tax rate.