last two columns show that the total cash flow at the maturity is 0 regardless of spot price. Use S_T =100 for the first case (S_T<105) and S_T =110 for the second case (S_T>=105). Show how those positions are closed and what cash flows are made. See my answer for one position (Sell call) as an example.

	How are the positions closed if ST =100	Cash flows if ST =100	How are the positions closed if ST =110	Cash flows if ST =110
Buy stock
Borrow $102.41
Sell call			Buyer will exercise	105-110 = -5
Buy put
Total