Use the following corn futures quotes (priced in cents): Corn 5,000 bushels Contract Month Low Settle Open Int Mar 597,913 Open High Chg 455.125 457.000 451.750 452.000 -2.750 467.000 468.000 463.000 463.250 -2.750 477.000 477.500 472.500 473.000 -2.000 475.000 475.500 471.750 472.250 -2.000 May July 137,547 153,164 29,258 Sep Suppose you sell 16 of the May corn futures at the high price of the day. You close your position later when the price is 467.500. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar profit