please explain how to answer with formulas. Thank you.

In six months, a cereal company plans to sell 50,000 boxes of "Wheat Crisps" for $4.50 per box and will need to buy 25,000 bushels of wheat to do so. In doing so, it also incurs non-wheat costs of $58,000. The current spot price of wheat is $6.10 per bushel, and the six-month forward price is $6.47. Assuming the company remains unhedged, what total profit would it earn if the market price of wheat in six months is $5.50, $5.90, $6.30, and $6.70, respectively? Answers: a. $5,250; $5,250; $5,250; $5,250 b. $29,500; $19,500; S9,500; S-500 C. $11,215; $1,215; S-3,785; $-3,785 d. $11,020; $11,020; $1,020; $1,020 e. $32,785; $32,785; $27,785; $17,785 Question 8 In six months, a cereal company plans to sell 30,000 boxes of "Corn Crisps" for $4.00 per box and will need to buy 15,000 bushels of corn to do so. In doing so, it also incurs non-corn costs of $39,000. The current spot price of corn is $5.10 per bushel, and the six-month forward price is $5.36. The company will hedge by buying corn forward. What total profit would be earned if the market price of corn in six months is S4.50, $4.90, $5.30, and $5.70, respectively? Answers: a. $13,500; $7,500; S1,500; S 4,500 b. $4,995; $-1,005; $-4,005; $ 4,005 C. $3,878; $3,878; $-2,123; $-2,123 d. $13,005; $13,005; $10,005; $4,005 e. $600; $600; $600; $600