Use the Following Information to Answer Bellow Questions

Use the following information to answer bellow questions
A firm carries a commodity inventory at a cost of $750,000 and plans to sell it in 60 days. Its market value is currently $800,000. To hedge against a decline in value of the commodity, the company sells commodity futures for delivery in 60 days at a price of $800,000. There is no margin deposit. At the company's 2020 year-end, 30 days later, the 30-day futures price is $780,000 and the inventory value declined to $779,000. Income effects of the inventory and the futures are reported in cost of goods sold.
-How are the futures reported on the company's year-end balance sheet?

A) $20,000 liability
B) $20,000 asset
C) $21,000 asset
D) $21,000 liability