One Orange juice future contract is on $15,000$ pounds of frozen concentrate. Suppose that in September $2016$ a company $($hedger$)$ sells a March $2018$ orange juice futures

contract for $120$ cents per pound. In December $2016,$ the futures price is $140$ cents. In December $2017,$ the futures price is $110$ cents. In March $2018,$ the futures price is $125$

cents. What is the company's profit or loss $($expressed in $$)$ on the contract? Hint: a loss should be entered with a minus sign.