Can you debug the following code using the given test code?public class SavingAccount{ // interest rate for all accounts private static double annualInterestRate = 0; private final double savingsBalance; // balance for currrent account // constructor, creates a new account with the specified balance public void SavingAccount( double savingsBalance ) { savingsBalance = savingsBalance; } // end constructor // get monthly interest public void calculateMonthlyInterest() { savingsBalance += savingsBalance * ( annualInterestRate / 12.0 ); } // end method calculateMonthlyInterest // modify interest rate public static void modifyInterestRate( double newRate ) { annualInterestRate = ( newRate >= 0 && newRate <= 1.0 ) ? newRate : 0.04; } // end method modifyInterestRate // get string representation of SavingAccount public String toString() { return String. format( "$%.2f", savingsBalance ); } // end method toSavingAccountString} // end class SavingAccount Using this test codepublic class SavingAccountTest{ public static void main(String[] args) { SavingAccount s1 = new SavingAccount(400); SavingAccount s2 = new SavingAccount(1000); SavingAccount. modifyInterestRate(0.05); System. out. printf("SavingAccount 1 is: %s\nSavingAccount 2 is: %s\n", s1, s2); s1.calculateMonthlyInterest(); s2.calculateMonthlyInterest(); System. out. printf("\nSavingAccount 1 after the interest is: %s\nSavingAccount 2 after the interest is: %s\n", s1, s2); SavingAccount. modifyInterestRate(.025); s1.calculateMonthlyInterest(); s2.calculateMonthlyInterest(); System. out. printf("\nSavingAccount 1 after the new interest is: %s\nSavingAccount 2 after the new interest is: %s\n", s1, s2); }}