5. U.S. Steel will have 150,000 tons of steel to deliver in December 2023. The August 31, 2023 spot price of steel is $1524 per ton. On August 31,2023, the company enters into a forward contract with General Motors for 150,000 tons of steel for delivery on December 1, 2023 with a forward price of $1590 per ton. Suppose the steel spot price on December 1 , 2023 turns out to be $1380 per ton. Answer questions about the following two scenarios. (a) Assuming that physical delivery of the steel actually occurs on the forward contract, how much revenue does U.S. Steel generate on the sale of steel to General Motors on December 1, 2023? (b) Assume that U.S. Steel and General Motors instead agree to cash settlement of the forward contract on December 1, 2023. The cash settlement amount is calculated as the quantity of steel times the difference between the forward price and the spot price. Further assume that U.S. Steel sells 150,000 tons of steel to another counterparty in the spot market at the spot price on December 1, 2023. Calculate the cash settlement amount on the forward contract, the revenue generated from the spot market transaction, and the total cash flow for U.S. Steel on December 1, 2023