You sell one December gold futures contracts when the futures price is $1,010 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price rises to $1,012 per ounce. What is the balance of your margin account at the end of the day?

a.$2,200

b.$1,600

c.$1,300

d.$1,800