An investor enters into a short futures position in 10 gold contracts at a futures price of $286.40 per oz. The size of one futures contract is 100 oz. The initial margin per contract is $1,575, and the maintenance margin is $1,146 per contract. Suppose the futures settlement price on the second day is $290.98 What is the new balance in the margin account after the second day?

Group of answer choices

$14,030

$12,890

$11,170

$6,880