Required information On March 1, 2022, a company purchased a futures contract for 5,000 barrels of all at $38 per barrel to hedge the cost of a future purchase. The contract specified delivery on April 30, 2022. Spot prices for crude oil during the contract period are provided below. $47 March Price of crude oil (per March Apr 27 barrel): $38 $54 On April 27, the company purchased the needed 5.000 barrels of oil at the market price of $47. The company also settled the futures contract on this date (assume cash settlement Use the information above to answer the questions below: What is the balance of the Futures Contract account as of April 27 (immediately prior to settlement)? Futures Contract balance as of April 27