You are long 10 gold futures contracts, established at an initial settle price of $1,300 per ounce, where each contract represents 100 troy ounces. Your initial margin to establish the position is $12,000 per contract and the maintenance margin is $11,200 per contract. Over the subsequent four trading days, gold settles at $1,295, $1,290, $1,305, and $1,315, respectively. Compute the balance in your margin account at the end of each of the four trading days, and compute your total profit or loss at the end of the trading period. Assume that a margin call requires you to fund your account back to the initial margin requirement. (Leave no cells blank - be certain to enter "O" wherever required. Input all amounts as positive values. The daily margin amount is the daily balance prior to any margin call for that day.) Days Total Profit/Loss Margin Account Answer is complete but not entirely correct. Margin Call Day $ 115,000 $ 5,000 loss $ 0 1 Day $ 110,000 $ 5,000 loss $ 10,000 2 Day $ 135,000 $ 15,000 profit $ 3 Day $ 145,000 $ 10,000 profit $ 4 Answer is complete and correct. Total Profit $ 15,000

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