On December $1,2023,$ I buy $3$ March $2024$ coffee futures contracts at $35.$ In late March of $2024,$ I sell $2$ of the contracts at $46$ and allow the third contract to expire. What is the end result of this transaction?

I.

I made $$12,375$ on my futures contract trade. I am also obligated to deliver $75,000$ pounds of coffee to the coffee exchange and the exchnage is obligated to pay me $$9,000$ for this coffee.

II$.$

I made $$12,375$ on my futures contract trade. I am also obligated to take delivery of $37,500$ pounds of coffee from the coffee exchange and I am obligated to pay the exchange $$17,250$ for this coffee.

III.

I made $$8,250$ on my futures contract trade. I am also obligated to take delivery of $75,7000$ pounds of coffee from the coffee exchange and I am obligated to pay the exchange $$9,000$ for this coffee.

IV$.$

I made $$8,250$ on my futures contract trade. I am also obligated to take delivery of $37,500$ pounds of coffee from the coffee exchange and I am obligated to pay the exchange $$17,250$ for this coffee.