A company has agreed to pay an invoice for GBP 100,000 in 90 days and purchases a futures contract to prevent exposure due to fluctuations of the British pound. The futures contract allows the company to purchase pounds at a rate of GBP/USD 1.65 and the margin requirement is $3,000. At the end of the first day the contract price settles at GBP/USD 1.67 and at the end of the second day the contract price settles at GBP/USD 1.63. What is the new margin account value at the end of Day 2?

Group of answer choices

$2,000

$4,000

$1,000

$3,000