Determine the open positions and make the basis calculations as this long$-$the$-$basis transaction unfolds: $($Activity carries forward Questions $8$ thru $11)$

STEP $1--$ June $15($pre$-$harvest$)$

A pre$-$spread is set between the DEC and JUL corn futures.

The futures order is executed with a buy of DEC corn at $$5\mathrm{.}00$ and a sell of JUL futures at $$5\mathrm{.}25.$

What is the open futures position after this transaction is done?