The balance sheet below shows the effect of a new 1,800 deposit in Bank A. Assume that the commercial banks have established a 5 percent desired reserve and that no bank holds excess reserves BANKA Assets Liabilities Reserves 1,800 Depots 1,800 Loures Pesume that Bank A lends its excess reserves to Mr. Jones who spends the proceeds of the loan. Show Barik A's new balance sheet BANKA Liabilities Reservers Number Deposits Number Loans Number The money Mr. Jones borrows is deposited in Bank B. Bark Blends its excess reserves to Mr. Smith Show Bank B's balance sheet after the loan has been Teade out. BANKB Liabilities Reserves Number Deposits Number Loans Number The money M. Smith borrows is deposited in Bank C. Bank Clerds its excess reserves to Mr. Black Show Bank Cs balance sheet after the lasan has been made out. BANK C Liabilities Reserves Number Deposits Number Loer Number The money Mt. Black, barrows is deposited in Bark D. Barik Dlends its excess reserves to Mr. Green. Show Bark D's balance sheet after the losart has been made out BANKD Assets Liabilities Reservers Number Deposits Number Loans Number If the above process continues to completion, the following totals will exist for the banking system: Part 7: Deposits Number Part 8: Reserves Number Part 9: Loans Number