The Following Is the Balance Sheet of the Leafs Bank

The following is the balance sheet of the Leafs Bank

-Refer to the information above to answer this question.Assume the target reserve ratio is 8 percent.If the bank lends out its excess reserves,and a cheque clears against the bank for this amount,what will be the amount of the bank's excess reserves?

A) $0.
B) $4,800.
C) $24,000.
D) $19,200.
E) $7,000.