Assume todays settlement price on a Chicago Mercantile Exchange MXN (Mexican Peso) futures contract is $.1125/MXN. You SELL a futures contract to hedge an exposure to MXN2,500,000 receivable. Your initial margin account balance is $40,000. The next three days settlement prices are $.1124/MXN, $.1127/MXN, and $.1128/MXN. Calculate the changes in the margin account (and the new balances) from daily marking-to-market adjustments over the next three days. The contract size is 2,500,000 Mexican Pesos.

DAY 0 MB = $

DAY 1 = MB = $

DAY 2 = MB = $

DAY 3 = MB = $