1. On January 22, 2021, you took a short position in June 2021 Crude Oil futures at a futures price of $51.54 per barrel. Suppose you close out your position on March 25, 2021, and suppose that the June 2021 Crude Oil futures price is $57.32 per barrel when you trade. You initially sold 5 contracts and each contract is written on 1,000 barrels. What is your profit (loss) from trading the futures? 2. On January 22, 2021, you took a long position in August 2021 Gold futures with a futures price of $1863.50 per ounce. Suppose that you hold your position until expiration and that the gold spot price is $1944.25 on the August 1, 2021 delivery date. You initially bought 10 contracts and each contract is written on 100 ounces. What is your profit (loss) from trading the futures? 1. On January 22, 2021, you took a short position in June 2021 Crude Oil futures at a futures price of $51.54 per barrel. Suppose you close out your position on March 25, 2021, and suppose that the June 2021 Crude Oil futures price is $57.32 per barrel when you trade. You initially sold 5 contracts and each contract is written on 1,000 barrels. What is your profit (loss) from trading the futures? 2. On January 22, 2021, you took a long position in August 2021 Gold futures with a futures price of $1863.50 per ounce. Suppose that you hold your position until expiration and that the gold spot price is $1944.25 on the August 1, 2021 delivery date. You initially bought 10 contracts and each contract is written on 100 ounces. What is your profit (loss) from trading the futures