On June1, the billing date.Tim had a balance due of $ 485.75 on his credit card. His transactions during the month of June were: June 4 payment $ 375.00. June 8 charge: car repair $ 370.00. June 21 charge: plane tickets $ 175.80. June 28 charge: clothing $ 184.75. Determine the finance charge on July 1 by using the previous balance method. Assume that the interest rate is 1.3 % per month. Also determine the new account balance on July 1 using the finance charge you found.