1. You have $3,000 in your checking account. You just deposited $2,000 and wrote a check for $2,500. Calculate the following:

1. Collection float

(3 marks)

2. Disbursement float

(3 marks)

3. Net float?

(3 marks)

4. Book balance

(3 marks)

5. Available balance

Note: Answer every single of the i, ii, iii, iv, v with the steps in detail.