The balance sheet for the newly formed Last National Bank is shown below. Reserves listed on the balance sheet are reserves on deposit at the Federal Reserve. Cash is vault cash held at the bank. Instructions: Enter your answers as a whole number a. Suppose a depositor at the bank writes a check for $19,000 to pay a contractor for some remodeling work done on her home. The contractor deposits the check in his bank (which is a different bank). What will Last Notional Bank's balance sheet look like after the check clears? Record the values in the table below. b. If the reserve requirement is 12 percent, what is the total amount of excess reserves held by Last National Bank after the check. clears