Team Dynamics, management homework help

Scenario: You have recently been promoted from a Coordinator to an Assistant Manager within your current department. Wonderful, your hard work has paid off for you! However, you are now in a position to manage the employees who were once your peers and friends. You need to now earn their respect as their supervisor & leader. You can no longer have ‘water cooler’ conversations with them; you cannot share confidential information with them; you must provide them with direction What steps will you take to earn their respect as their new supervisor? What will you do when your friends (your close confidants who you have formed solid friendships with who you now manage ask you questions that you cannot answer, or ask you for favors, or take advantage of your position?