The corporate charter of alpaca co. authorized the issuance of 10 million, $1 par common shares. during 2018, its first year of operations, alpaca had the following transactions: january 1 sold 8 million shares at $15 per share june 3 retired 2 million shares at $18 per share december 28 sold 2 million shares at $20 per share what amount should alpaca report as additional paid-in capital‒ excess of par, in its december 31, 2018, balance sheet?

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.