Part 1Oldhat Financial starts its first day of operations with ​$1212 million in capital. A total of ​$120120 million in checkable deposits are received. The bank makes a ​$2525 million commercial loan and another ​$6060 million in​ mortgages, with the following​ terms: 200200 standard 3030​-year, ​fixed-rate mortgages with a nominal annual rate of​ 5.25%, each for ​$300,000300,000. Assume that required reserves are 88​%.Complete the​ bank's balance sheet provided below. ​(Round your responses to the nearest whole​ number.)[table] Assets | Liabilities Required reserves | ​$enter your response here | million | Checkable deposits | ​$enter your response here | million Excess reserves | ​$enter your response here | million | Bank capital | ​$enter your response here | million Loans | ​$enter your response here | million | | | [/table]