3. The following financial information pertains to the results of Future Islamic Bank at the end of 2021: Average account balances: Current accounts (Amanah) Equity investment accounts holders Bank Equity $30 million $110 million $70 million $40 million Net revenue (net of expenses) generated by the above funds $20 million Property, plant and equipment and subsidiaries Banks policy states that for liquidity purposes, the bank keeps the following percentages in cash of each fund to meet expected withdrawals: Current accounts Equity investment accountholders Bank Equity 70% 20% 0% The bank's policy states that in profitable years the accounts profit equalization reserve the investment risk reserve should be credited by a maximum of 7% and 3%, respectively. The board decides on the amount transferred to these accounts at the end of each year. In 2020 the board decided to apply the maximum percentages stated in the policy. The profit sharing ratio is 30% to the clients (investors). a. Calculate the profit equalization reserve. Answer b. Determine the balance transferred to investment risk reserve