prom needed today to pay the note? b. Sport has secured a line of credit with the Bank of Alberta. The following transac tions were made for the last month. The account receives daily interest of 15 pa on positive balance and pays daily interest of 8% pa, on negative balances. The limit on the line of credit is $10 000. Overdraft interest of 19% pa is charged on the daily amount exceeding the line of credit limit. For each transaction causing an overdraft or adding to an overdraft, a service charge of s10 is applied. Calculate the interest overdraft interest, service charges, and the month-end balance for the line of credit Date Balance Deposit Transaction Description Withdrawal - 4000.00 March 1 Balance 5 Cheque 437 2185.00 -6185.00 -6606.00 7 421.00 Cheque 438 -606.00 12 Deposit 6000.00 15 Cheque 439 5128.00 -5734.00 21 Cheque 440 6133.00 -- 11867.00 23 Deposit 2000.00 -9867.00 27 Deposit 5000.00 -4867.00 31 Interest charged Overdraft interest Service charge ner annum, to be paid