Q$1($Hull $2\mathrm{.}2,$ p$\mathrm{.}67,$ modified$).$ In September $2021,$ a company takes a long position in a contract, for the delivery of $1,000$ barrels, on May $2022$ crude oil futures. It closes out its position in March $2022.$ The futures price per barrel is $$46\mathrm{.}80$ when it enters into the contract, $$52\mathrm{.}30$ when it closes out its position, and $$50\mathrm{.}10$ at the end of December $2021.$

Q$1-1.$ What is the company's total profit?

Q$1-2.$ What are the company's $2021$ and $2022$ profits if its gains and losses are recognized at the end of each year?