Question: Perform each of these steps:

1. Read the problem statement.

2. Formulate the algorithm using pseudocode and top-down, stepwise refinement.

3. Write a C program.

4. Test, debug and execute the C program.

(Credit Limit Calculator) Develop a C program that will determine if a department store customer has exceeded the credit limit on a charge account. For each customer, the following facts are available:

a) Account number

b) Balance at the beginning of the month

c) Total of all items charged by this customer this month

d) Total of all credits applied to this customers account this month

e) Allowed credit limit The program should input each fact, calculate the new balance (= beginning balance + charges - credits), and determine whether the new balance exceeds the customers credit limit. For those customers whose credit limit is exceeded, the program should display the customers account number, credit limit, new balance and the message "Credit limit exceeded." Here is a sample input/output dialog: