Getting Cron job error whenever I run this bash script for mysql backup.

Please I get error whenever I run this MySQL database backup cron job bash script. Can someone please tell me what's wrong with this code:

Code:

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#!/bin/sh


# List of databases to be backed up separated by space
dblist="Forum_base"


# Directory for backups
backupdir=/root/mysql_backups/daily


# Number of versions to keep
numversions=7


# Full path for MySQL hotcopy command
# Please put credentials into /root/.my.cnf
#hotcopycmd=/usr/bin/mysqlhotcopy
hotcopycmd="/usr/bin/mysqldump --lock-tables --databases"


# Create directory if needed
mkdir -p "$backupdir"
if [ ! -d "$backupdir" ]; then
  echo "Invalid directory: $backupdir"
  exit 1
fi


# Hotcopy begins here
echo "Dumping MySQL Databases..."
RC=0
for database in $dblist; do
  echo
  echo "Dumping $database ..."
  mv "$backupdir/$database.gz" "$backupdir/$database.0.gz" 2> /dev/null
  $hotcopycmd $database | gzip > "$backupdir/$database.gz"


  RC=$?
  if [ $RC -gt 0 ]; then
    continue;
  fi


  # Rollover the backup directories
  rm -fr "$backupdir/$database.$numversions.gz" 2> /dev/null
  i=$numversions
  while [ $i -gt 0 ]; do
    mv "$backupdir/$database.`expr $i - 1`.gz" "$backupdir/$database.$i.gz" 2> /dev/null
    i=`expr $i - 1`
  done
done


if [ $RC -gt 0 ]; then
  echo "MySQL Dump failed!"
  exit $RC
else
  # Hotcopy is complete. List the backup versions!
  ls -l "$backupdir"
  echo "MySQL Dump is complete!"
fi
exit 0

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This is the errors that I'm getting:

Code:

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-bash-3.2# sh /etc/cron.daily/mysqlbackup.sh
    : command not founde 2:
    : command not founde 5:
    : command not founde 8:
    : command not founde 11:
    : command not founde 16:
    'ysqlbackup.sh: line 27: syntax error near unexpected token `do
    'ysqlbackup.sh: line 27: `for database in $dblist; do

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