Suppose that on October $24,2018,$ a company sells one April $2019$ live$-$cattle futures contracts.

It closes out its position on January $21,2019.$

The futures price $($per pound$)$ is $121\mathrm{.}20$ cents when it enters into the contract, $118\mathrm{.}30$ cents when it closes out its position, and $118\mathrm{.}80$ cents at the end of December $2018.$

One contract is for the delivery of $40,000$ pounds of cattle.

What is the total profit?

A$.$ $$1,100$

B$.$ $$1,160$

C$.$ $$1,190$

D$.$ $$1,000$

E$.$ $$2,160$