It is March 9, and you have just entered into a short position in a soybean meal futures contract. The contract expires on July 9 and calls for the delivery of 100 tons of soybean meal. Further, because this is a futures position, it requires the posting of a $2,000 initial margin and a $1,000 maintenance margin; for simplicity, however, assume that the account is marked to market on a monthly basis. Assume the following represent the contract delivery prices (in dollars per ton) that prevail on each settlement date:

March 9 (initiation)	$175.00
April 9	180.25
May 9	188.00
June 9	182.75
July 9 (delivery)	176.50

1. Calculate the equity value of your margin account on each settlement date, including any additional equity required to meet a margin call. Fill in the table below. Round your answers to the nearest dollar. If your answer is zero, enter "0".
2. 

\begin{tabular}{|c|c|c|c|c|c|} \hline & Price & & Margin & & Maintenance \\ \hline March 9 & $175.00 & $ & 4000 & W$ & \\ \hline April 9 & $180.25 & $ & & Q$ & \\ \hline May 9 & $188.00 & + & & & \\ \hline June 9 & $182.75 & $ & & B & \\ \hline July 9 & $176.50 & $ & & 3$ & \\ \hline \end{tabular}