$\backslash$table$[[$Iron Bank$],[$Assets$,$Liabilities,$],[$Required Reserves:,,Checkable Deposits$],[$Excess Reserves:,,$],[$Loans:$,$$$1200,000,],[$Total:$,,$Total:$]]$

Use this balance sheet of the Iron Bank to answer the questions. Assume the required reserve ratio is $10\%$

What are the Require Reserves and Excess Reserves for the bank? Also, what is the maximum new loan that the Iron Bank can extend? $($enter your answer in the following format for credit $$xx,xxx,$$$xx,xxx,$$$xx,xxxx)$