Part 1 - Balance Sheet Impact Beginning Allowance $1,000,000 work through the below scenarios:

$25,000 Net Recoveries (+) and $50,000 Provision Expense (+)= __________________Ending allowance

$50,000 Net charge Offs(-) and $30,000 Provision Expense (+) = ___________________Ending Allowance

$30,000 Net Recoveries (+) and no expense or release of reserves(0) = _______________Ending Allowance

$50,000 Net Recoveries (+)and $75,000 Release of Reserves(-) =____________________Ending Allowance

Zero Net Charge offs (0) and $100,000 Release of Reserves(-)=_________________________Ending Allowance

Part 2 - Income Statement Impact Net Revenue Pre provision and Taxes $2,500,000 work through the below scenarios:

$50,000 Provision expense (-)= Net Income before Taxes

Answer:_________________

$75,000 Release of reserves(+) = Net income before Taxes

Answer:_________________

$50,000 Net Charge offs (0) and No provision or release(0) = Net Income before Taxes

Answer:________________