Question 1: At 11am on September 1 you bought December futures contract on 1,000 bushels of wheat. At that time the spot price was $3.25 and the basis was $-0.11 (note that the basis is negative). The initial margin is $1,000, and the maintenance margin is $800. What will be size of your margin account in the morning of September 2, if, at the end of September 1, the spot price was equal to $3.35 and the basis was equal to $-0.12