Calculate the Firm's March float based on the following information (3 Marks): - At March 1, there were $15,000 in previously issued (outstanding) cheques that have now fully cleared the bank account in March. There were no outstanding deposits at March 1. - The Firm has deposited $100,000 in March, but the bank has only cleared $75,000. - The Firm issued payments of $75,000 in March, but the bank has only cleared $40,000 of the $75,000. BANK CORP $40.000 Beginning Balance - Withdrawals/Cheques +Deposits Ending Balance FLOAT