3. Below is the firm's most recent monthly analysis statement from its bank for a 30-day month during which time the ecr was .35%. Service Description Price Units Charges Account Maintenance $30.00 3 $90.00 Cash Deposited ($3.50/$1,000) $3.50 25 $87.50 Cash supplied (per strap) $1.25 43 $53.75 Deposits Credited $0.75 58 $43.50 items Deposited $0.15 512 $76.80 Returned Items $22.00 14 $308.00 items Paid $0.32 450 $144.00 Stop Payments $40.00 5 $200.00 Electronic Debits $0.15 48 7.20 Electronic Credits $0.20 32 $6.40 Total Charges for Services (Analysis Charges) $1,017.15 A. Calculate the value of the average balances and complete the rest of the analysis statement EC = CB + (1 - RRR) * [ECR* (D/365)] Average Positive Ledger Balance $750,950.00 Less: Average Float $187,737.50 Average Collected Balance $563,212.50 Less: Reserve Requirement (10%) Average Available Balance Value of Average Available Balance (0.35%) Total Charges Net Analysis Position B. Of the total charges, how much was implicitly paid with balances and how much paid explicitly in fees? 3. Below is the firm's most recent monthly analysis statement from its bank for a 30-day month during which time the ecr was .35%. Service Description Price Units Charges Account Maintenance $30.00 3 $90.00 Cash Deposited ($3.50/$1,000) $3.50 25 $87.50 Cash supplied (per strap) $1.25 43 $53.75 Deposits Credited $0.75 58 $43.50 items Deposited $0.15 512 $76.80 Returned Items $22.00 14 $308.00 items Paid $0.32 450 $144.00 Stop Payments $40.00 5 $200.00 Electronic Debits $0.15 48 7.20 Electronic Credits $0.20 32 $6.40 Total Charges for Services (Analysis Charges) $1,017.15 A. Calculate the value of the average balances and complete the rest of the analysis statement EC = CB + (1 - RRR) * [ECR* (D/365)] Average Positive Ledger Balance $750,950.00 Less: Average Float $187,737.50 Average Collected Balance $563,212.50 Less: Reserve Requirement (10%) Average Available Balance Value of Average Available Balance (0.35%) Total Charges Net Analysis Position B. Of the total charges, how much was implicitly paid with balances and how much paid explicitly in fees