On October $15,2025,$ Oil Products Co$.$ purchased $4,000$ barrels of fuel oil with a cost of $$240,000($ $$60$ per barrel$).$ Oil Products Is holding this inventory in anticipation of the winter $2026$ heating season. Oil Products accounts for its inventory at the lower$-$of$-$FIFO$-$cost$-$or$-$net realizable value. To hedge against potential declines in the value of the inventory, Oil Products also purchased a put option on the fuel oil. Oil Products paid an option premium of $$300$ for the put option, which gives Oil Products the optign to sell $4,000$ barrels of fuel oil at a strike price of $$60$ per gallon. The option expires on March $1,2026.$ The following data are available with respect to the values of the fuel of inventory and the put option.

$\backslash$table$[[$Date$,$Market Price of Fuel Oil,$\backslash$table$[[$Time Value of Put$],[$Option$]]],[$October $31,2025,$$$58$ per gallon,$ Need help with income statment thefix the red boxes its wrong. $175$