You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $60 per share. You want to establish a bullish spread to help limit the cost of your option position. You find the following option quotes:

Wildwoood Corp Underlying Stock price: $60.00
Expiration	Strike	Call	Put
June	55.00	9.50	2.50
June	60.00	5.00	4.00
June	65.00	2.50	8.50

Suppose you establish a bullish spread with the puts. In June the stock's price turns out to be $64. Ignoring commissions, the net profit on your position is _______________.

$500

$400

$940

$540