Arnold Brown has a Visa Card with an annual percentage rate of

19.2%.

The unpaid balance for his June billing cycle is

$1, 025.29

During the billing cycle he purchased a printer cartridge for

$47.43

books for

$231.08

and gasoline for $19.92

He made a payment of

$1, 000

If the account applies the unpaid balance method, what are the finance charge and the new balance?

The finance charge is

$_______________

.

The new balance is

$_______________________

.

(Round to the nearest cent as needed.)