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You received no credit for this question in the previous attempt. Vie A-5: Futures contract On February 1, 2022, Price Energy entered into a futures
You received no credit for this question in the previous attempt. Vie A-5: Futures contract On February 1, 2022, Price Energy entered into a futures contract to buy 5,000 barrels of oil at $59 pe contract specified delivery for May 1, 2022. Spot prices for crude oil during the contract period are pro Price of crude oil (per barrel): February_1 $59 March 31 $62 May 1 $60 At what amount would Price Energy report for the futures contract in its March 31, 2022 balance sheet Futures Contract account balance as of March 31: 290,000
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