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Suppose that Fair Bank, located in Fairdealing, MO, decides to grant loans for a total of $10 million to its account holders. The balance sheet

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Suppose that Fair Bank, located in Fairdealing, MO, decides to grant loans for a total of $10 million to its account holders. The balance sheet shows the financial situation of Fair Bank before the loans were granted (in millions of dollars). Balance sheet (milions): Fair Bank First, use the provided values to place the proper figures that represent Fair Bank's new situation. Now, suppose that the loan recipients write checks to people not holding accounts at Fair Now, suppose that the loan recipients write checks to people not holding accounts at Fair Bank for the entire $10 million. In tum, the checks are cashed by their beneficiaries at their corresponding banks. Again, use the provided kalues to represent the financial situation of Fair Bank after all checks are cleared

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