Suppose Southeast Mutual Bank, Walls Fergo Bank, and PMorton Bank all have zero excess reserves. The required reserve ratio is presently set at 10%. Eric, a Southeast Mutual Bank customer, deposits $500,000 into his checking account at the local branch. Complete the following table to reflect any changes in Southeast Mutual Bank's T-account (before the bank makes any new loans). Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is toos. Hint: If the change is negative, be sure to enter the vatue as negotive number: Now, suppose Southeant Mutual Bank loans out all of its new excess reserves to Cho, who immediately uses the funds to write a check to Bob. Bob deposits the funds immediately into his checking account at Walls fergo Bank. Then Walis fergo Eank lends out all of its new excess reserves to Kenj, who writes a check to Ginny, who deposits the money into her occount at pjMorton Bank, pjMorton lends out all of its nerw excess reserves to tucia in turn. Fiil in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dolar. Fill in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dollar. Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $500,000 injection into the money supply results in an overal increase of in demand deposits