You sold short 1,000 shares of XGN Ltd at $100.00 per share in May 2020. You are now worried about the market turning bullish, so you decide to buy 10 call options on the company's shares with each contract written on 100 shares at an exercise (or strike) price of $100.00 expiring in August 2020 for a premium of $2.00 per share. If at expiration the company's share price is $110.00 calculate the total profit or loss on your hedged position. Show all calculations.