Final answer:
The specific formula for calculating total assets for Year 3 is not given, but total assets are usually the sum of all current and non-current assets of an entity. In the case of a bank's balance sheet, assets include reserves, bonds, and loans, whereas liabilities consist of deposits and equity. Net worth is the difference between total assets and total liabilities.
Step-by-step explanation:
The formula to determine the total assets for Year 3 is not mentioned in the information provided since the details given are for different scenarios and do not correlate directly with the options of the question asked about Year 3's assets calculation. However, generally speaking, the total assets can be calculated by summing up all the current and non-current assets owned by an entity. For a business, this typically includes cash and equivalents, receivables (minus any provisions for bad debts), inventory, investments, property, plant, and equipment, and other assets.
In the context of setting up a T-account balance sheet for a bank, the assets would consist of reserves, government bonds, and loans, while the liabilities would include deposits and equity. The net worth, or equity, can be calculated by subtracting total liabilities from total assets.