A company enters into a cashless collar with a financial institution:
Volume hedged - 35,000 mcf of natural gas per day
Floor - $3.755/mcf for March 2016
Ceiling - $6.70/mcf for March 2016
Physical Settlement Price - $2.90/mcf for March 2016
How much will the company receive from the financial institution upon physical settlement of natural gas for the month of March 2016?