Java Programming ChallengePreferredCustomer ClassA retail store .docx

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Java Programming ChallengePreferredCustomer ClassA retail store has a preferred customer plan where customers can earn discounts on all their purchases. The amount of a customer's discount is determined by the amount of the customer's cumulative purchases in the store as follows:* When a preferred customer spends $500, he or she gets a 5 percent discount on all future purchases.* When a preferred customer spends $1,000, he or she gets a 6 percent discount in all future purchase.* When a preferred customer spends $1,500, he or she gets a 7 percent discount in all future purchase.* When a preferred customer spends $2,000 or more, he or she gets a 10 percent discount in all future purchase.Design a class named PreferredCustomer, which extends the Customer class you created in Challenge 7 (See code below). The PreferredCustomer class should have fields for the amount of the customer's purchases and the Customer's discount level. Write one or more constructors and the

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