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You just short sold 400 shares of ABD stock for $12,000. The sale was a short sale with an initial margin requirement of 70%. The

image text in transcribed You just short sold 400 shares of ABD stock for $12,000. The sale was a short sale with an initial margin requirement of 70%. The maintenance margin is 40%. QUESTION \#1. Construct the balance sheet for the original trade (i.e. initial B/S) \begin{tabular}{|l|l|l|l|} \hline Assets & \multicolumn{2}{|l|}{ Liabilities and Account Equity } \\ \hline Proceeds from sale & 12000 & Short position & type your answer... \\ \hline Initial margin deposit & 8400 & Account equity & type your answer... \\ \hline Total = & 20400 & Total = & type your answer... \\ \hline \end{tabular}

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