1. You have opened a futures account with a cash deposit of $10,000.00. You decide to sell 8 October contracts of bean meal at 305.4. Contract specs are as follows: TIC SIZE CONTRACT MOS. CONTRACT UNIT 100 TONS QUOTE UNITS US$ AND CENTS/TON INITIAL MARGIN $1,122/ CONTRACT MAINT MARGIN $1,020/ CONTRACT 0.10/TON = $10.00 Jan, Mar, May, Jul, Sep, Oct, Dec If soybean oil drops $.10, what is the equity of the account when marked-to-market