Dawkins Co. has a line of credit with Federal Bank. Dawkins can borrow up to 500,000$ at any time over the course of the 2011 calendar year. The following table shows the prime rate expressed as an annual percentage along with the amounts borrowed and repaid during the first 4 months of 2011. Dawkins agreed to pay interest at an annual rate equal to 2% above the banks prime rate. Funds are borrowed or rapaid on the first day of each month. Intrest is payable in cash on the last day of the month. The interest rate is applied to the outstanding monthly balance. For example, Dawkins pays 5% (3%+2%) annual interest on $80,000 for the month of January. Month Amount borrowed or (Rapaid) Prime rate for the month % Jan 80,000$ 3.0 Feb 60,000$ 3.5 Mar (20,000)$ 4.0 April 30,000$ 4.5 Required: Provide all Journal entries pertaining to Dawkins line of credit for the first 4 months of 2011.