A firm has $1,700$ troy ounces of gold that it uses to create jeweiry. The gold was purchased at $$1,200$ per troy ounce. The firm can sell its gold pieces for $$300$ per ounce above the current futures price. It is concerned that the price of gold will decrease. The current futures price is $$1,325$ per troy ounce and each contract is for $100$ troy ounces.

Fill in the table, assuming the futures price $(1)$ stays at $$1,325$ per troy ounce and $(2)$ decreases to $$1,250$ per troy ounce.

$\backslash$table$[[,,$Base $(1),,$Decrease $(2)],[\backslash$table$[[$Futures price$],[$Standard contract$],[$size for gold$]],,$$$1,325,00,,$$$1,250\mathrm{.}00],[\backslash$table$[[$Number of$],[$contracts $($short$)]],,,,],[,,,,],[\backslash$table$[[$Gold inventory$],[($troy ounces$)]],,,,],[\backslash$table$[[$Selling price per$],[$ounce $($$$300$ above$],[$futures price$)]],,,,],[,,,,],[$Without a Hedge,,,,$]]$