Suppose that Atlantic National Bank currently has $$175,000$ in demand deposits and $$122,500$ in outstanding loans. Assume the Federal Reserve has the reserve requirement set at $20\%.$

Based on this information, complete the following table detailing Atlantic National Bank's reserves, required reserves, and excess reserves.

Atlantic National

Reserves

Required Reserves

Excess Reserves

$($Dollars$)$

$($Dollars$)$

$($Dollars$)$