Create a collar strategy by buying 400 shares of the asset at $62 per share, buying four contracts on the May $56.5 put options at $3.30 per share, and writing four contracts on the May $67 call options at $2.70 per share.

1. What is profit at expiration if S_T = 50, 54, 63, 68, 71?
2. What is the breakeven asset price at expiration?

Plot the profit diagram of the strategy in Excel.