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investment benker to purchase the needed oil for a delivery price in one year of $$130$ per barrel

a$.$ Ignoring taxes, what will Specialty's profits be if oil prices in one year are as low as $$110$ or as high as $$150,$ assuming that the firm does nol enter into the fompard contract?

b$.$ If the firm were to enter into the fonvard contract demonstrate how this would effectively lock in the firm's cost ol fuel loday, thus hedging the risk of fluctuating crude oil prices on the firm's profits for the next year

a$.$ Ignoring taxes, what will Specialty's profits be if oil prices in one year are as low as $$110$ or as high as $$150,$ assuming that the firm does not enter into the forward contract? $($Round to the nearest dollar.$)$

$\backslash$table$[[\backslash$table$[[$Price of$],[$Oillbb$]],\backslash$table$[[$Unhedged$],[$Annual$],[$Profits$]]],[$$$110,$$$$