1.Different from forwards, a futures contract is marked to the market to fully reflect the changing market conditions. Assume today's settlement price on a CME Japanese yen futures contract is 103/$. You have a short position in one contract, and the contract size is YEN 1 million. Your margin account currently has the balance of $1,800, and the maintenance margin level is $1,000. Suppose settlement prices in the next two days are 105/$ and 101/$. Calculate your margin account balances denominated in $ over the next two days.