1- a. FirstBank started its first day of operations having $8 million in capital. $120 million in checkable deposits is received. The bank issues a $30 million commercial loan and another $30 million in mortgage loan. If required reserves are 10%, what do the bank balance sheets look like? Fill in the banks in the below table. Assets Required Reserves Excess Reserves Liabilities Checkable Deposits Bank Capital Loans b- Second day, FirstBank decides to invest $50 million in 30-day T-bills. The T-bills are currently trading at $2,980 for a $3,000 face value instrument. How many do they purchase? What does the balance sheet look like after this purchase? Show it in a T-table (like above table). c- On the 3rd day of operations, deposits fall by $10 million. What does the balance sheet look like? Are there any problems that the bank is facing now? d- To meet any shortfall in the previous question, FirstBank will borrow the cash (equal to the shortfall) in the fed funds market. What does the balance sheet look like after this transaction