ANY IDEA WHY THIS IS INCORRECT?

WMT Corporation was a small company in the energy sector. WMT operated by purchasing natural gas from the companies that

extracted it$,$ then selling the natural gas to refineries to be processed. Because the price for natural gas fluctuated, WMT often entered

into future contracts as a way of managing risk.

On May $15,2023,$ WMT entered into a future contract to sell $22,000$ cubic metres of natural gas at a price of $$4\mathrm{.}20$ per cubic metre

$($which was the market value on May $15).$ The broker with whom WMT arranged the contract required a $20\%$ deposit, which WMT paid

in cash. On June $30,$ WMT$\text{'}$s year$-$end, the price of natural gas was $$4\mathrm{.}85$ per cubic metre. On July $1,$ WMT closed out the contract at

the same natural gas price, settling net without delivering the gas.