An FI is planning to issue $17,000,000 in commercial loans. It will finance all of it by issuing demand deposits. There is a 13 percent average reserve requirement on demand deposits, all reserves are held in the form of cash, and $100,000 of funding is through equity. Which of the following is a simple balance sheet with total assets and total liabilities and equity, assuming this is the only project funded by the bank?

AssetsLiabilities

Cash2,640,230Demand deposits 19,540,230

Loan17,000,000Equity100,000

Total19,640,23019,640,230

AssetsLiabilities

Cash6,410,344Demand deposits 23,310,344

Loan17,000,000Equity100,000

Total19,525,28719,525,287

AssetsLiabilities

Cash2,424,276Demand deposits2,210,000

Loan17,000,000Equity17,214,276

Total19,424,27619,424,276

AssetsLiabilities

Cash2,525,287Demand deposits19,425,287

Loan17,000,000Equity100,000

Total19,525,28719,525,287

AssetsLiabilities

Cash2,298,011Demand deposits18,259,770

Loan17,000,000Equity1,038,241

Total19,298,01119,298,011