Complete the following table for a short hedge based on the following scenario:

I.M$.$ Broke produces $20,000$ bushels of soybeans every year. On March $15,$ the futures have peaked at $$9\mathrm{.}42$ and the local elevator is carrying a $$\mathrm{.}25$ basis. On July $22,$ I.M$.$ delivers the soybeans for the spot price of $$8\mathrm{.}78,$$$\mathrm{.}20$ under the futures market.

$\backslash$table$[[$Date$,$Cash Action,Cash Price,Futures Action,Futures Price,Basis$],[$March $15$th$,9\mathrm{.}42,9\mathrm{.}67,+\mathrm{.}25,,],[$July $22$nd$,8\mathrm{.}78,8\mathrm{.}58,-\mathrm{.}22,,],[,,,,,]]$

a$.$ What amount does I.M$.$ receive for his cash soybeans?

b$.$ What amount does I.M$.$ realize from his futures position?

c$.$ Excluding carrying charges, commissions, etc. what amount does I.M$.$ realize for his soybeans?

d$.$ What Contract Month is used to complete this transaction?