You work as a futures trader for a large financial instituti…

You work as a futures trader for a large financial institution and recently took a short position in S&P 500 e-mini futures. You sold 1,500 contracts with a futures price of 5,750, and the price of the index was 6,050 when the contract expired. How much cash did your company receive or pay given that the S&P 500 e-mini futures contracts have a multiplier of $50?