PROBLEM C (23points) The following information is provided about a corporation which has an current outstanding short-term loan at a bank of $40,000. The money was borrowed on September 30, 2023 using a line of eredit whose terms(1) set in interest rate of 6% and (2)established a compensating balance of $10,000. At least one month of interest will be collected on any use of the line of eredit. The interest owed is paid monthly by the corporation before payments to reduce the principal amount owed, if any, are made. Per an agreement with the bank, NO interest will be charged in a month where the loan balance is less than $10,000 at the beginning of the month. The interest will be deferred and collected when the line of credit is renewed on January 1.2024. Surplus cash can be invested at 8%. Interest on investments will be received on the 117 day of the quarter that starts after the investment, if any, occurs. Beginning cash balance To be determined To be determined (1) Does not include interest income on investments (2) Does not include interest expense on the line of credit