You Know the Following Information About the Webb State Bank

You know the following information about the Webb State Bank: $\begin{array} { l r } \text { Accumulated depreciation } & \$ 40 \\\text { Net loans } & 600 \\\text { Fed Funds purchased and repurchase agreements } & 200 \\\text { Cash and due from banks } & 50 \\\text { Trading account securities } & 40 \\\text { Miscellaneous assets } & 100 \\\text { Deposits } & 500 \\\text { Undivided profits } & 140 \\\text { Gross premises } & 90 \\\text { Surplus } & 40 \\\text { Subordinated debt } & 100 \\\text { Investment securities } & 160 \\\text { Common stock par } & 20 \\\text { Gross loans } & 700\end{array}$
Given this information,what is the value of this firm's allowance for loan losses?

A) $1,300
B) $1,000
C) $50
D) $200
E) $100