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Joan Tam is considering a second futures trade, specifically on coffee. The futures price is .56 per pound. Each futures contract for coffee is based

Joan Tam is considering a second futures trade, specifically on coffee. The futures price is .56 per pound. Each futures contract for coffee is based on 37,000 pounds of coffee. Joan will buy two contracts that will expire in April. Based on the size of her position, Joan will be required to post an initial margin of $5,000 with a maintenance margin of $2,500. If the coffee futures price drops to .55 per pound in Jan, then increases to .57 in February, .58 in March, and to .59 at expiration, what will be the gain or loss each of the four months from January through April? What will be the cumulative balance of Joans margin account at expiration?

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