Assume Valero (a major oil refining company with many refineries and gas stations in the United States) enters into a Forward contract to buy 1,000,000 barrels of oil from an independent oil company in Oklahoma mid-November. They negotiate a delivery price of $85.5 per barrel. Draw the payoff diagram for Valero, the long side of the contract. Then draw the payoff diagram for the independent oil company, the short side of the contract.