Short 1,000 Wheat futures on the Chicago Board of Trade (CBT) for delivery on DEC 2024. The current futures market price: $4.50/ bushel. Every wheat futures is for 5,000 bushels. The Initial margin is 2% and the maintenance (variable) margin is 75% of JD's initial equity. 3.1 Calculate the opening market value of JD's futures position 3.2 Calculate the initial margin and the variable margin. 3.3 Complete the following table: Day 0 denotes the day in which JD opens her futures position. Remember that if there is a margin call JD must deposit enough funds to bring the margin to the initial margin level. Note that JD does not trade during days 14. JD closes her futures position in the market on day 5 at the futures market price of the the DEC 2024 Wheat futures is: $4.50. Calculate JD' total equity in the margin account by the end of day 5