You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $54 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes:

Ignoring commissions, the cost to establish the bull money spread with calls would be how much? If at expiration the stock price is $59, what is the profit from this strategy?

Wildwood Corp Underlying Stock price: $54.00 Expiration Strike Call June 49.00 8.90 June 54.00 4.70 June 59.00 2.20 Put 2.40 3.40 7.90