At 11 am on September 1, you bought a December futures contract on 1,000 bushels of wheat. At that time, the spot price was $3.45, and the basis was $-0.1. (note that the basis is negative). The initial margin is $1,000, and the maintenance margin is $800. On the morning of September 2, your margin account increased t $1,100. What is the basis at the end of September 1 if the spot price at that time was $3.48? Please, write down your answer in dollars and cents but do not includ the $ sign. For example, write it as 0.41 for a positive basis of $0.41 or as -12.76 a negative basis of $-12.76