The following information pertains to the financial statements of Buffalo Supply Company, a provider of plumbing fixtures to contractors in central Pennsylvania. Fiscal Years Ended October 31, 2017 2016 2015 From Income Statements Revenues $ 3,519,444 $ 3,877,135 $ 2,969,981 Provision for bad debts 45,753 50,403 38,610 From Balance Sheets Gross accounts receivable $ 345,044 $ 362,349 $ 282,855 Less: Allowance for doubtful accounts (54,654 ) (74,365 ) (47,612 ) Net accounts receivable $ 290,390 $ 287,984 $ 235,243 Required: Reconstruct all journal entries pertaining to Gross accounts receivable and Allowance for doubtful accounts for the fiscal year ended October 31, 2017. Assume that all revenues are from credit sales. (Hint: Begin by doing a T-account analysis of both accounts, starting with the allowance account.) (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.