Suppose that there is a newly created bank in your hometown. Consider the following transactions: - Owners of the bank sold shares of stocks to the public (which includes owners equity) amounting to P1,000,000. - To fully operate, the bank purchased physical assets amounting to P500,000 (with approximate useful life of assets of 20 years and salvage value approximated at P100,000). - First deposit to the bank (in the form of checkable deposits) was accepted from individuals and business firms amounting to P200,000. - Now suppose that the BSP mandated all commercials banks to keep a fraction out of the total deposit valued at 25% Required: Trace the changes in the banks balance sheet, starting with the first transaction up to the last transaction cited above.