As of december 31, 2010, the assets listed on the balance sheet of bank a were: $1.5 million in cash reserves, and $6 million in outstanding loans to its customers. its liabilities totaled $6.5 million in checking deposits. what was the bank's net worth on that date?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?