Use the adjusted trial balance for Stockton Company to answer the question that follows. Stockton Company Adjusted Trial Balance December 31 Account No. Debit Balances Credit Balances Cash 11 6,394 Accounts Receivable 12 2,830 Prepaid Expenses 13 705 Equipment 18 13,643 Accumulated Depreciation 19 1,315 Accounts Payable 21 1,665 Notes Payable 22 4,904 Bob Steely, Capital 31 13,979 Bob Steely, Drawing 32 850 Fees Earned 41 6,086 Wages Expense 51 2,185 Rent Expense 52 740 Utilities Expense 53 345 Depreciation Expense 54 204 Miscellaneous Expense 59 53 Totals 27,949 27,949 Use the adjusted trial balance for Stockton Company. Determine the net income (loss) for the period. a. Net loss is $2,559.

Profits from using currency options and futures. on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda. com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2