Bill deposits $40,000 in the bank. Find the first three steps of the money multiplier process after

Bill deposits $40,000 in the bank. Find the first three steps of the money multiplier process after Bill deposits $40,000. Use the money creation equation to compute the overall change in deposits and reserves.a) 10% target reserve ratio; no cash drain; no excess reserves.b) 10% target reserve ratio; 5% cash drain; no excess reserves.Show all work.