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D5. On AUG 12, 2022 a speculator held the following Natural Gas Calendar spread: Long 20,000 futures for JAN 2023 delivery; price =$13.30/ unit short

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D5. On AUG 12, 2022 a speculator held the following Natural Gas Calendar spread: Long 20,000 futures for JAN 2023 delivery; price =$13.30/ unit short 20,000 fubures for NoV 2022 delivery; price =$9.30 / unit. In every Natural Gas futures there are 10,000 units. The speculator closed this calendar spread on AUG 12, 2022. Using the futures prices given above, calculate the total cash flow associated with closing this calendar spread on AUG 12, 2022

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