$($Use this information for the next $3$ questions$)$: Empire Products, Inc. is a calendar year$-$end reporting firm that uses frozen concentrated orange juice $($FCOJ$)$ for bottling and distribution. Empire intends to purchase $800$ pounds of FCOJ on March $31,2024.$ Because FCOJ prices have been fluctuating recently, Empire Products enters into a futures contract with Oranges$-$R$-$Us$,$ Inc. on November $1,2023,$ for delivery of $800$ pounds of FCOJ at $$1\mathrm{.}16$ per pound to hedge the risk of rapidly increasing prices. The hedge is considered highly effective and is zero$-$cost to enter $($no value at initiation$).$

On December $31,2023,$ FCOJ was selling for $$1\mathrm{.}47$ per pound. On March $31,2024,$ FCOJ was selling for $$1\mathrm{.}32$ per pound. Empire Products purchased the $800$ pounds of FCOJ on March $31$ at the prevailing market price. Empire used all $800$ pounds in its bottling operation and sold the drinks in $2024$ to its customers for a total sales revenue of $$1,320.$

What was the Futures Contract balance that Empire Products recorded in its December $31,2023$ balance sheet? Please use a positive number for a debit balance, and a negative number for a credit balance.

What was the net dollar impact of any and all FCOJ futures contract related entries on income before income taxes in the December $31,2023$ income statement for Empire Products? Please use a positive number for an increase in income, and a negative number for a decrease in income.

What was reported as gross profit $($sales revenue $-$ net cost of goods sold$)$ in the $2024$ income statement for the sale of the $800$ pounds of FCOJ?