NewBank started its first day of operations with $4 million in capital. A total of $115 million in chequable deposits is received. The bank makes a $25 million commercial loan and lends another $25 million in mortgage loans. Desired reserves are 8%. NewBank decides to invest $40 million in 30-day T-bills. The T-bills are currently trading at $4,986.70 (including commissions) for a $5,000 face value instrument. How many T-bills does NewBank purchase? What does the balance sheet look like? How many do they purchase? New Bank can purchase T-bills. (Round your answer to the nearest whole number). What does the balance sheet look like? Complete the table below. (Round your answers to two decimal places). Assets ($) Desired Reserves. Excess Reserves Liabilities ($) million Chequable Deposits million Bank Capital T-bills Loans million 50 million 115 million 4 million