An analyst at a mining company is reviewing the potential cash flow and accounting impact of a 3-year hedge on the company's copper production. The hedge was established by selling 100 three-year futures contracts at USD 3.00 per pound of copper on December 31, 2022, with each contract representing 25,000 pounds of copper. The company uses hedge accounting and reports cash flows due to variation margin on the hedge at the end of each calendar year. Which of the following is the best estimate to reported cash flow on December 31, 2024?