A single orange juice futures contract is for 15,000 pounds of frozen concentrate. Suppose that in September 2015 a company sells a March 2017 orange juice futures contract for 120 cents per pound. In December 2015 the futures price is 140 cents; in December 2016 the futures price is 110 cents; and in February 2017 the contract is closed out at 125 cents. The company has a December year end. (a) What is the company's profit or loss on the contract? (b) How is the profit or realized if the company is classified as (i) a hedger or (ii) a speculator