Today is March. An lowa cornfarmer takes a short position in 27 September corn futures contracts at a futures price of 413c/bu. The spot price currently is 490 per bu. In September the spot price turns out to be 474/bu. What is the farmer's TOTAL gain or loss? Assume that the farmer holds the position open through delivery in September. Ignore transactions costs. The size of the corn futures contract is 5,000 bu. Enter your answer in dollars without the $ symbol. If the farmer has a loss, then enter a negative number, e.g. -3456.78 (ie, a loss of $3,456.78). If a gain, then enter an unsigne value, e.g., 1234.50 (i.e., a gain of $1,234.50). Caution! The price quotes are in cents, so you must convert to dollars and cents in your calculations, e.g., 375c/bu ==> $3.75