Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of March. The limit on your line of credit is $1000.00. You receive daily interest of 1.3% p.a. on positive balances and pay daily interest of 7% p.a. on negative (line of credit) balances. Overdraft interest is 21% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts (a) through (e) below. Click the icon to view the statement for the month of March. (a) Calculate the amount of interest earned. i March Statement - . X Total interest earned = $| (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Calculate the amount of interest charged on the line of credit. Total line of credit interest charged = $ Date Transaction Description Deposit Withdrawal Balance March 4 Balance -651.84 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) Calculate the amount of interest charged on overdrafts. Overdraft interest = $ 8 Cheque 263 454.00 -1105.84 13 Cheque 264 323.00 - 1428.84 18 Deposit 1945.00 516.16 24 Cheque 265 71.00 445.16 27 Cheque 266 158.00 287.16 31 ? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) Calculate the amount of service charge. Service charge = $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) What is the account balance on March 31? The account balance on March 31 is dollars. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Print Done