1.Queens Bank, which opened in year 2008, had the following activities during the year.

a.The founder of the bank raised $4500 by selling shares of the bank in the primary market

b.Queens Bank obtained another $6000 by selling stocks in the secondary market.

c.Queens Bank was able to attract $12,000 demand deposits.

d.Queens Bank was able to attract $20,000 saving deposits which cost the bank 2.5% per year.

e.To raise more funds, Queens Bank sold 1-year CDs with the amount of $35,000 at interest rate 5.5% per year.

f.By holding all the capital and deposits that mentioned above, Queens Bank kept 10% of the deposits as reserves, spend 30% on purchasing 1-year Treasury bills, which would pay 4.5% interest at the end of the year, and lend the rest 60% funds to Jacks Inc at interest rate 12%.

g.One day during the year Queens Bank met a minor liquidity crisis due to a large withdrawal as the housing bubble collapsed. Queens Bank had to borrow overnight funds from Kings Bank for $5,000 at 0.5% overnight rate. During the day, Queens Bank kept the $5,000 funds as vault cash.

h.Queens Bank sold a standby letter of credit to Jacks Inc. and earned $500 from this activity.

i.At the end of the year, Queens Bank paid $1700 salaries to the staff.

(1)Mark the above activities of Queens Bank on its balance sheet. (10 points)