Develop an application (as shown in Fig) that determines whether a department-store customer has exceeded the credit limit on a charge account. Each customer enters an account number (an Integer), a balance at the beginning of the month (a Double), the total of all items charged this month (a Double), the total of all credits applied to the customer's account this month (a Double), and the customer's allowed credit limit (a Double). The application should input each of these facts, calculate the new balance (= beginning balance credits + charges), display the new balance and determine whether the new balance exceeds the customer's credit limit. You can use the format "{0:C}" with String method Format, to format the result as currency. If the customer's credit limit is exceeded, display a message (in message Label at the bottom of the Form) informing the customer of this fact; otherwise, display the customer's remaining credit amount. If the user presses the Clear Fields Button, the application should clear the Text Boxes and Labels.

USING VISUAL BASIC. PLEASE EXPLAIN. THANKS!

Develop an application (as shown in Fig) that determines whether a department-store customer has exceeded the credit limit on a charge account. Each customer enters an account number (an Integer), a balance at the beginning of the month (a Double), the total of all items charged this month (a Double), the total of all credits applied to the customer's account this month (a Double), and the customer's allowed credit limit (a Double). The application should input each of these facts, calculate the new balance(-beginning balance credits +charges), display the new balance and determine whether the new balance exceeds the customer's credit limit. You can use the format "1O:c]" with String method Format, to format the result as currency. If the customer's credit limit is exceeded, display a message (in message Label at the bottom of the Form) informing the customer of this fact; otherwise, display the customer's remaining credit amount. If the user presses the Clear Fields Button, the application should clear the Text Boxes and Labels Credit Checker Account numbe Starting balanc Total charges: Total credits: Credit limit: New balance: ar alculate Credit Check G Account numbe 00001 Starting bac 10000 Total charges: 10000 Total credits: 1000 Credit limit: 500 New balance: $19 Credit Limit Exceeded! $19,000.00 Clear