Suppose that on Oct. 28 you decided to speculate in coffee futures. You went long onc Dec. ' 22 contract at 158.50 cents per pound. The contract has an initial margin requirement of $3,000 and the maintenance margin is $1,125. You have not had a margin call. The contract closed on Tuesday, Nov. 8 at 165.25 cents per pound, down 1.2 cents per pound from the previous day's close. Each contract is for 37,500 pounds. 1. How much money is in your margin account now? That is, how much money was in your margin account at the close of trading on Tuesday after your account was marked-to-market? (Remember that your account started with $3,000.)