n January 2020, Bear Co. enters into a futures contract to buy 1.000 barrels of oil at $60 per barrel. Bear treats this as a speculative derivative. Subsequent Orices are as follows. Market Price of Date March 31, 2020 June 30, 2020 September 30, 2020 $67 per barrel 69 per barrel 55 per barrel of Select) related to the futures. 1. The first quarter (January - March) income statement includes a Select 2. On the balance sheet at June 30, 2020, the futures are recognized as an Select! 3. The third quarter July-September) income statement includes a Select 4. On the balance sheet at September 30, 2020, the futures are recognized as an Select) of Select) related to the futures