The following table shows the operation of margin account for a long position in two gold futures contracts. The initial margin is $6,000 per contract, or $12,000 in total; the maintenance margin is $4,500 per contract, or $9,000 in total. The contract is entered into on Day 1 at $1,650 and closed out on Day 5 at $1,630.80--------------------------------------------------------------------------Day Trade Settlement Daily Cumulative Margin account Margin price($) price($) gain($) gain($) balance($) call($)--------------------------------------------------------------------------1 1,650 12,0001 1,641.00 -1,800 -1,800 10,200 2 1,638.30 ______ ______ ______ 3 1,644.60 1,260 -1,080 10,920 4 1,629.90 ______ ______ ______ ______ 5 1,630.80 180 -3,840 12,180