One orange juice future contract is on 15,000 pounds of frozen concentrate. Suppose that in September 2013 a company sells a March 2015 orange juice futures contract for 120 cents per pound. In December 2013, the futures price is 140 cents. In December 2014, the futures price is 110 cents. In February 2015, the futures price is 125 cents. The company has a December year end. What is the company's profit or loss on the contract? How is it realized? What is the accounting and tax treatment of the transaction is the company is classified as a) a hedger and b) a speculator?