Memory allocation problem in Iphone sdk.

Question

Hi guys,

Im getting memory allocation problem when im checking allocations through instruments.

the code is:

        float yCoordinateStartLocation = 12.5;
        float yCoordinateStartLocationValue = 8;
        float rowHeight = 20;
        float imageHeight = 27;
        float xCoordinateStartLocatioForLabel = 60;
        float xCoordinateStartLocatioForValue = 190;
        float labelWidth = 120;
        float imageWidth = 105;
        float  statusLabelWidth = 95;
        float  statusLabelHeight = 20;
        float  xCoordinateStartLocatioForStatusLabel = 6;
        float yCoordinateStartLocationForStausLabel = 3;
        UIFont* totalFont = [UIFont boldSystemFontOfSize:15];
        UIColor* valueColor = [UIColor blackColor];
        UIColor* labelColor = [UIColor whiteColor];

        UILabel *balanceDueLabel = [[UILabel alloc] initWithFrame:CGRectMake(xCoordinateStartLocatioForLabel, yCoordinateStartLocation, labelWidth, rowHeight)];//showing memory allocation in this line.
        balanceDueLabel.backgroundColor = [UIColor clearColor];
        [balanceDueLabel setFont:totalFont];
        balanceDueLabel.textColor=valueColor;
        balanceDueLabel.numberOfLines = 1;
        balanceDueLabel.text = @"Balance Due :";
        balanceDueLabel.textAlignment=UITextAlignmentRight;
        [elementView addSubview:balanceDueLabel];
        [balanceDueLabel release];

Can anyone suggest me how to solve this.

Anyone's help will be much appreciated. Thank you, Monish.