1. Using the balance sheet (T-table) below and assuming a required reserve ratio of 10%, do the following: Assets Reserves $ 90,000 Checkable deposits $180,000 Liabilities + Net Worth Loans Securities 55,000 Stock shares 285,000 30,000 Property 290,000 a. Calculate the amount of required reserves for this bank. Show your work b. Calculate the amount of excess reserves for this bank. Show your work. c. By how much can this bank "safely" expand its loans? d. Use the T-table below to enter the transactions that will expand loans by the amount in part c. I have expanded the above table so you can write in the following steps that show how to enter the transaction. i. The first step is to enter the new loan in the box on the assets side below. ii. The next step is for the bank to make the new funds available in the borrower's checking account on the liabilities + Net Worth side of the T-table below. iii. Show that the table balances by adding the new amounts on each side of the t-account. You should have the same total amount on both sides. (You will finish the transaction in part e. You have to show both steps for full credit. Assets Reserves $ 90,000 Loans New Loans Liabilities + Net Worth Checkable deposits $180,000 New Checkable deposit 45,000 Stock shares 285,000 Securities 40,000 Property 290,000 Total Total