An investor enters into a short futures position in 10 gold contracts at a futures price of $292.70 per oz. The size of one futures contract is 100oz. The initial margin per contract is $1,610, and the maintenance margin is $1,171 per contract. Suppose the futures settlement price on the second day is $297.38 What is the new balance in the margin account after the second day? $7,030 $11,420 $13,180 $14,340