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Dr. Robillard obtained a $75,000 operating line of credit at prime plus 3%. Accrued interest up to but not including the last day of the month is deducted from his bank account on the last day of each month. On February 5 (of a leap year) he received the first draw of $15,000. He made a payment of $10,000 toward principal on March 15, but took another draw of $7000 on May 1. Complete the loan repayment schedule below. Assume that the prime rate remained at 5.5% through to the end of May.

Date	Number of Days	Interest Rate (%)	Interest ($)	Accrued Interest ($)	Payment (Advance) ($)	Principal Portion ($)	Balance ($)
Feb 5	-	-	-	-	(15,000)	(15,000)	15,000
Feb 29	24	8.5	83.84	83.84	83.84	0	15,000
Mar 15	15	8.5	52.40	52.40	?	?	?
Mar 31	?	8.5	?	?	?	0	5,000
Apr 30	30	8.5	34.93	34.93	34.93	0	5,000
May 1	1	8.5	1.16	1.16	(7,000)	(7,000)	12,000
May 31	30	8.5	83.84	85.00	85.00	0	12,000

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