The T-account below shows the balance sheet of Santander. Assets Reserves $10 million Loans $400 million Securities $200 million Liabilities Deposits Borrowings from other banks Borrowings from the Fed Bank capital $500 million $20 million $50 million $40 million Based on the balance sheet above, if borrowers of Santander defaulted on $50 million of its loans, what will be the amount of bank capital (in millions of $) of Santander? Round your answer to at least 2 decimal places. (E.g. $12,345,678 should be entered as 12.35)