Corn call options with a $1.70 strike price (per bushel of corn) are trading f

Corn call options with a $1.70 strike price (per bushel of corn) are trading for a $0.15 premium. Farmer Jayne decides to sell 20000 bushels of corn she
is going to produce in six months. She also writes call options described above on her 20000 bushels. The effective six-month interest rate is 4.0% and
she plans to close her position and sell her corn in 6 months. What is her profit or loss if spot prices are $1.60 per bushel when she closes her position?

(a) $32000 loss

(b) $32000 gain

(c) $35120 loss

(d) $35120 gain

(e) None of the above.