2. A commercial bank has the following balance sheet (market value, millions). It also has $120 M in contingent assets and $145 M in contingent liabilities. Should these contingencies take place and these items move onto the balance sheet, what is the effect on the bank's equity? Reflect these changes on its balance sheet. (6 points) Cash Loans Securities Total Assets Assets Liabilities and Equity $ 52 389 Deposits $454 Borrowed funds 117 235 Equity 105 $676 Total Liabilities and Equity $676