(8pts) Calculate the margin paid by each producer or to each producer if based on the following hedging results. Think about the first action taken for each hedge, buy or sell, and how that can result in a profit or loss from in their margin account. Think sell high, buy low. Farmer Smith Beginning Hedge Prices Futures 4.80 Basis -20 cents Expected Cash 4.60 Ending hedge prices Cash/Futures Sell@Buy@ \# of bu.per contract Margin (gain/loss) a) $4.40/4.60 b) $5.60/6.00