One year ago, you sold a put option on 35,000 Euros with an expiration date of one year for a premium of $0.03 per unit. The exercise price was $1.25/Euro. Assume that one year ago, the spot rate of the Euro was $1.23, the one-year forward rate was $1.24. Today, the euro spot rate is $1.21.

Determine the total dollar amount of your net profit or loss in the put option.

Please show your working, thank you.