Consider a Futures contract in which the current futures price is $$121\mathrm{.}00.$ The initial margin requirement is $$9,$ and the maintenance margin requirement is $$6.$ You go short $16$ contracts and meet all margin calls but do not withdraw any excess margin from your account. Assume that on the first day, the contract is established at the settlement price, so there is no mark$-$to$-$market gain or loss on that day.

$($a$)$ Complete the table below and provide a brief explanation for any funds deposited into the margin account.

$[4]$

$\backslash$table$[[$Day$,\backslash$table$[[$Beginning$],[$Balance$]],\backslash$table$[[$Funds$],[$Deposited$]],\backslash$table$[[$Futures$],[$Price$]],\backslash$table$[[$Price$],[$Change$]],$Gain$/$Loss$,\backslash$table$[[$Ending$],[$Balance$]]],[0,,$$$121\mathrm{.}00,,,,],[1,,,$$$120\mathrm{.}20,,,],[2,,,$$$117\mathrm{.}00,,,],[3,,$$$122\mathrm{.}00,,,,],[4,,$$$124\mathrm{.}50,,,,],[5,,$$$124\mathrm{.}00,,,,],[6,,$$$125\mathrm{.}00,,,,]]$

Determine the price level that would trigger a margin call on your position. $($Assume that the current futures price is $$121.)$

$[2]$