You have a credit card with an APR of 12%. You begin with a balance of $150, in response to which you make a payment of $75. The first month you make charges amounting to $50. You make a payment of $75 to reduce the new balance, and the second month you charge $55. Complete the following table. (Round your answers to the nearest cent.)

	Previous balance	Payments	Purchases	Finance charge	New balance
Month 1	$150.00	75	50	1.25	126.25
Month 2	126.25	75	50	$	$

NOTE: The answer for Finance Charge is not: 1.42 and the answer for new balance is not: 107.67