The answers are given but I don't understand how to calculate each value given in the balance sheet. Could you please explain the steps I need to take to answer question 22 and 24, I want to know how to get the values. In question 22, the value in loans is $7430, how do you get that answer? Also, the value in demand deposits is $7500, how do you get that answer?

Question 22 - Question 24: Alpha has a very simple banking system, in which there is only one chartered bank (The Frist Bank). The central bank of Alpha imposes a minimum required reserve ratio of 6%. Households in Alpha hold a fixed amount of S2.500 in the form cash for their daily transactions and will deposit any excess amount into their bank accounts. The initial balance sheet of the First Bank is as follows: Assets Liabilities & Equity $7,900 Demand deposits $8,000 S420 Loans Bank reserves Note: Unless otherwise stated, the excess reserves held by the First Bank will remain fixed at the current level as shown in the initial balance sheet and will lend out any surplus of reserves beyond this. Question 22 Suppose the central bank of Alpha pursues open market sales of S30. Complete the balance sheet of the First Bank when the banking system is back to equilibrium. Assets Liabilies & Equity Loans $7,430 Demand deposits $7,500 Bank reserves S490 Equity S420 Question 23 (Continued from Question 22) When the banking system is back to equilibrium, determine whether each of the following statements is true or false. TRUE The level of money supply will decreases by $500 FALSEThe level of loans made by the First Bank falls by $500 Question 24 Retunto the initial situation. Worrying about the potential impacts of record level of household debt, the Frist Bank increases its excess reserves by $18. Complete the balance sheet of the First Bank when the hanking system is back to equilibrium Assets Liabilities & Equity S7,600 Demand deposits $7,700 Loans Bank reserves S520 Equity $420