please show your work

5. Define Short Sales. Make sure you explain what a long position and a short position are. a. Now assume that that you short 500 shares of JMX at $50 per share. Your broker has a 50% initial margin and a 40% maintenance margin on short sales. How does this look in the balance sheet? Liabilites and Account Equity Assets Sale Proceeds Short Position Initis Marin Deposit Account County Total Total b. If the price of the stock falls to $40 per share. Are you benefited or affected by the price decrease? Why? How do you represent it in the balance sheet? Assets Liabilities and Account Equity Sale Proceeds Short Position Initial Martin Deposit Account Equity Total Total