Practice your banking transactions. (Refer to the slides & lecture from Module 37 for reference.) Whenever you use a ormula, be sure to write the formula down and then in the next step, put in the numbers that you use to calculate the final answer. You need to show your work for full points. 1. Using the balance sheet (T-table) below and assuming a required reserve ratio of 10%, do the following: Assets Liabilities + Net Worth Reserves $ 90,000 Checkable deposits $180,000 Loans 55,000 Stock shares 285,000 Securities 30,000 Property 0,000 a. Calculate the amount of required reserves for this bank. Show your work b. Calculate the amount of excess reserves for this bank. Show your work. C. By how much can this bank "safely" expand its loans? d. Use the T-table below to enter the transactions that will expand loans by the amount in part c. I have expanded the above table so you can write in the following steps that show how to enter the transaction. i. The first step is to enter the new loan in the box on the assets side below. ii. The next step is for the bank to make the new funds available in the borrower's checking account on the liabilities + Net Worth side of the T-table below. iii. Show that the table balances by adding the new amounts on each side of the t-account. You should have the same total amount on both sides. (You will finish the transaction in part e. You have to show both steps for full credit. Assets Liabilities + Net Worth Reserves $ 90,000 Checkable deposits $180,000 New Checkable deposit Loans 45,000 Stock shares 285,000 New Loans Securities 40,000 Property 290,000 Total Totale. Use the following table to show what the balance sheet looks like after the check(s) clear from part d. Enter in numbers in all of the boxes. The outcome will be the final balance sheet after the checks clear in part d. Also show that the table balances in the last row. Assets Liabilities + Net Worth Reserves Checkable deposits Loans Stock shares Securities Property Total Total f. For the reserve ratio of 10%, how much can the money supply be increased (at the most) when the bank expands its loans in part (c)? Write down the formulas you use and show your work