Can you please show how to setup in Excel with gains/loss - Futures Hedge

Lowes has a large inventory of lumber. The price of lumber has been high for the past year but the expectation is that the price will start to drop over the next few months. Lowes has 8,234,100 board feet of lumber in their inventory. The current value of the inventory is $485.65 per 1,000 board feet of lumber.

They want to hedge the risk of lumber prices dropping and their inventory losing value. There are lumber futures contracts available at a quote of $482.40 per 1,000 board feet. A lumber futures contract is for 110,000 board feet.

Two months later, the new inventory value is $470.00 per 1,000 board feet of lumber. The new futures price is $466.50 per 1,000 board feet of lumber.