On the same day, Sam purchased 100 shares of T-Rex stock for $62 a share in his margin account. His initial margin requirement on this stock is 60 percent while the maintenance margin is 40 percent. Sam sold his shares after eight months at a price of $58 a share. The stock pays no dividends.

a. Create Sams initial balance sheet positions for this trade.

b. Six months later and the market price is $60 per share. Show Sams balance sheet position at this time.