On Monday Morning You Sell One June T-Bond Futures Contract

On Monday morning you sell one June T-bond futures contract at 97: 27 or for $97 843.75. The contract's face value is $100 000. The initial margin requirement is $2 700 and the maintenance margin requirement is $2 000 per contract. Use the following price data to answer the question. After Monday's close the balance on your margin account will be ________.

A) $2 700.00
B) $2 000.00
C) $3 137.50
D) $2 262.50