A firm received the following monthly analysis statement from the bank for a 30 day month: Average Positive Ledger Balance $1,025,645 Less: Average Float $205,129 Average Collected Balance $820,516 Less: 10% Reserve Requirement $82,052 Average Available Balance $738,464 Value of Average Available Balance (0.25%) Total Charges $1,114.08 Net Analysis Position Value of Balances = Avg. Available Balance * [(ecr/365)(n)] What was the value of the average balances given the .25% ECR? $-962.34 $403.31 $151.74 $1,517.39 What was the net analysis position? O $1,517.39 O $403.31 $-962.34 $151.74 Did the firm maintain sufficient balances to cover its service charges? Yes O No