Assume that you start with a balance of $3500 on your MasterCard. Assume that MasterCard has finance charges of 12% APR and that each month you make only the minimum payment of 5% of the balance. During the first month, you charge $250, and during the second month, you charge $550. Complete the following table. (Round your answers to the nearest cent.)

	Previous balance	Minimum payment	Purchases	Finance charge	New balance
Month 1	$3500.00	$	$	$	$
Month 2	$	$	$	$	$