13) Record the following transactions using t-accounts. 13a) A new bank is incorporated with initial capital 25m. 13b) A bond is issued with 35m face value. 13c) The bank raises 30m in deposits from customers. 13c) The bank must set 10% of assets aside in reserves. The remaining funds are loaned out. 13d) After one year, the bank collects interest on loans equal to 8% of face value. 13e) The bank pays 5% interest on the bonds issued. 13f) The bank pays 5m dividend to shareholders. 13g) After another year, some borrowers default on their loans. As a result, the loan portfolio suffers 5% losses. 13h) The bank collects interest on loans equal to 8% of face value. 13i) The bank pays 5% interest on the bonds issued. 13j) The bank pays 4m dividend to shareholders