1. The following excerpt is from an annual report of a natural gas production company. The company traded options on natural gas as follows: Apache 2002 Derivative Activity -- As part of the South Louisiana properties acquired in December 2002, Apache entered into, and designated as a cash flow hedge, natural gas option agreements to establish floor and ceiling prices on anticipated future natural gas production. As of December 31, 2002, the Company had the following natural gas volumes hedged through natural gas options: Table> Draw the payoff-at-maturity graph of this company's position on natural gas. 1. The following excerpt is from an annual report of a natural gas production company. The company traded options on natural gas as follows: Apache 2002 Derivative Activity -- As part of the South Louisiana properties acquired in December 2002, Apache entered into, and designated as a cash flow hedge, natural gas option agreements to establish floor and ceiling prices on anticipated future natural gas production. As of December 31, 2002, the Company had the following natural gas volumes hedged through natural gas options: Table> Draw the payoff-at-maturity graph of this company's position on natural gas