Please answer 5,6a,6b,7

You are going to set up your own commercial bank. I will give you the steps and most of the amounts. You will create a balance sheet for each step. (You can name your bank.) Step 1 - You have raised $500,000 by selling stocks. Step 2 - You need a place to do business. It will cost you $485,000 in set-up costs. Step 3 - You open for business. Customers come in with $85,000. Step 4 - You put all your reserves into the district Federal Reserve Branch. Step 5 - There is a check drawn against your bank in the amount of $45,000. Step 6a You make a loan with ALL of your excess reserves. The reserve requirement is 15%. Step 6b The loans are spent. The checks have all cleared equal to the amount of the loan. 7 - Once the money has passed through the entire banking system, and assuming that all banks lend out all of their excess reserves, then, by how much could the money supply grow? You are going to set up your own commercial bank. I will give you the steps and most of the amounts. You will create a balance sheet for each step. (You can name your bank.) Step 1 - You have raised $500,000 by selling stocks. Step 2 - You need a place to do business. It will cost you $485,000 in set-up costs. Step 3 - You open for business. Customers come in with $85,000. Step 4 - You put all your reserves into the district Federal Reserve Branch. Step 5 - There is a check drawn against your bank in the amount of $45,000. Step 6a You make a loan with ALL of your excess reserves. The reserve requirement is 15%. Step 6b The loans are spent. The checks have all cleared equal to the amount of the loan. 7 - Once the money has passed through the entire banking system, and assuming that all banks lend out all of their excess reserves, then, by how much could the money supply grow