. The two main financial statements for banks are the balance sheet and income statement. Understanding that liabilities and equity are the sources of a banks funds and they equal the bank's assets which is how the bank uses the funds. On the attached answer sheet-identify if the answer is either an Asset; or Liability; or Equity : 1. On March 1, 2020 Derek Jeter invested $2,000,000 to start the Yankee Bank in the Bronx NY 2. On March 15, 2020 with Derek's investment the Yankee Bank purchased a building for $2,000,000 3. On April 1, 2020 the Yankee Bank had three clients that opened savings accounts at a 1% annual interest rate - Aaron Judge deposited $200,00; Gleyber Torres deposited $300,000 and Gerrit Cole deposited $500,000. The total deposits for April 1, 2020 were $1,000,000 4. On April 2, 2020 the bank made a loan to Tom Brady for $800,000 to start a football camp. The bank charged Mr. Brady 5% annual interest on this loan. 5. The bank set aside $100,000 in cash reserves so they would have money available if the depositors wanted to withdraw some of their money. 6. With the remaining S100,000 the bank made a $100.000 investment in Treasury Bonds