Use the average daily balance method to compute the finance charge on the credit card account for the month of August (31 days). The starting balance from the previous month is $290. The transactions on the account for the month are given in the table to the right. Assume an annual interest rate of 18% on the account and that the billing date is August 1st.

Date	Transaction
August 5	Made payment of $81
August 6	Charged $135 for hiking boots
August 18	Charged $27 for gasoline
August 30	Charged $28 for restaurant meal