answer is my guess, please help

On September 1, 20X1, Bauer Inc: has 10,000 ounces of silver, with an average cost of $12 per ounce, in inventory. The spot price for silver is $16 per ounce Bauer decides to retain the inventory until the beginning of January 202, hoping that the price increases to $17 per ounce rates and future prices for silver are as follows. What entry does Bauer prepare on December 31,201 to adjust the carrying value of the inventory of silver? DerivativeFutureContract15,000 Inventory-Silver 15,000 Loss on Hedge Activity 15,000 Derivative Future Contract 15,000 Gain on Hedge Activity 15,000 Inventory-Silver 15,000 Gain on Hedge Activity 10,000 Derivative Future Contract 10,000