On 8/24 at the end of the day, Jim sold (took a short position in) 1 futures contract (one contract is agreement to buy or sell Australian dollars 100,000) at a rate of $0.67140 per Australian dollar, contract expires on 12/18. Initial margin=$1,210 and maintenance margin is $1,100. On 8/25 and 8/26, the futures rate expiring on 12/18 is $0.67280 per Australian dollar, and $0.67310 per Australian dollar respectively. As per Marked to Market daily mechanism of currency futures contracts, what shaould be Jims margin account balance at the end of 8/25(Assuming that Jim will not withdraw money from his margin account)?

	On 8/25, Jim would receive a margin call from the broker to deposit $30 to bring up his margin balance on 8/25 back to $1,100.
	On 8/25, Jims margin balance would be $1,350 due to the gain of $140 realized from the change in the futures rate.
	On 8/25, Jims margin balance would be $1,070 due to the loss of $140 realized from the change in the futures rate.
	On 8/25, Jim would receive a margin call from the broker to deposit $140 to bring up his margin balance on 8/25 back to $1,210.