Referring explicitly to the information in the two extracts, answer the following questions. a) Draw the changes in the balance sheet of an individual who made a claim for some flood-damaged banknotes originally worth  AUD 1,500 that were so damaged that the RBA could not prove their authenticity and/or their value. Explain your answer in detail, using your knowledge from the course and the information in the reading.(1.5 marks)b) Assume that all the flood-damaged banknotes of the Australian public have already reached the RBA site (ignore how the relocation of these notes from the public to the RBA has affected all parties involved). After assessment by the RBA, two thirds of the total claims for flood-damaged banknotes were accepted by the RBA and one third of the total claims were rejected. Does the outcome of the assessment matter for the accounting of banknotes in the RBA statistics?  Explain your answer in detail, using your knowledge from the course and the information in the readings.(1.5 marks)c) Assume the individual in a) brought its flood-damaged AUD 1,500 banknotes to its bank, Westpac. Discuss several ways the action of bringing the banknotes to the bank could affect Westpac's balance sheet, while waiting for the assessment from the RBA. Explain your answer in detail, using your knowledge from the course and the information in the reading. Make your assumptions explicit. (2 marks)Fully or partially hand-write neatly your answers on a blank piece of paper or on a tablet, with your full name and student number at the top of the page (hand-written). Take pictures of your answers, convert them into a pdf file and upload the pdf file by selecting 'Browse your local files'. Only one pdf file can be uploaded per question so merge your pictures if needed. You can only provide the answers of one question per file. You are required to store your hand-written answers and your original pictures in case the course coordinator requires them after the exam.