1 7 On Jan.1, 2020, Radi Company entered into a future contract to purchase 100 ton of Rice on August 30,2020 at a price of $500 per ton. On June 30, the ton price was $550 and on Aug.30 was $580, all the rice was sold on Dec.30, by $800 per ton, compute the balance of future contract on ?Aug. 30,2020 before purchasing Rice .$13,000 .a .$5,000 .5 .$8,000