In this lab, you will create one project that uses inheritance and one simple Applet. This course uses open-source software which must be cited when used for any student work. Citation requirements are on the page. Please review the to complete your assignment Submit your assignment to the Dropbox, located at the top of this page. For instructions on how to use the Dropbox, read these . (See the Syllabus section Due Dates for Assignments & Exams for due dates.) Program files for each of the following programs At the beginning of all your programs, put a comment box that includes the program name, your name, and a brief description of the program. Access the software at . Steps: 1 and 2 Implement an inheritance hierarchy based on the following specifications for Account class, Checking Account class, and Savings Account class: Account class Account: 2345 Name: John Smith Balance: $120.75 The CheckingAcct class is a derived class of the Account class. Account type: Checking Account: 2345 Name: John Smith Balance: $120.75 The SavingsAcct class is a derived class of the Account class. Account type: Savings Account: 2345 Name: John Smith Interest earned: $5.02 Balance: $250.75 Main: To demonstrate polymorphism, create an arrayList of Account type that can handle Checking and Savings accounts (thiis is the Bank). Prompt for name, account number (or assign account number in main) and add at least one checking object and one savings object to the bank array. Now use a loop to process all accounts USING THE Bank array: See example output below: Creating a checking account, enter name: John Smith Your checking account number is 1000 Creating a savings account, enter name: Sue Johnson Your savings account number is 1001 Processing account: 1000 Amount to deposit: 50 Balance is 50.00 Amount to withdraw: 25 Balance is 25.00 Amount to withdraw: 30 $10 Overdraft fee charged! Balance is -15.00 Account type: Checking Account: 1000 Name: John Smith Balance: $-15.00 Processing account: 1001 Amount to deposit: 500 Balance is 500.00 Amount to withdraw: 150 Balance is 350.00 Amount to withdraw: 500 Insufficient funds! Balance is 350.00 Account type: Savings Account: 1001 Name: Sue Johnson Interest earned: $7.00 Balance: $357.00 Create an applet of size 500 by 500. The background color of the applet should be yellow. The four components to be included are For this lab, you will need the actionPerformed method to provide event handling for the button. The getText() method will be needed to get the string from the TextField. The setText() method will be needed to change the text of the second Label. Test your applet by entering your full name and confirming that the result label has changed. Test your applet by entering your full name and confirming that the result label has changed.
