16. Toys Were Us, Inc. a retail toy store, has a Value Reporting form (CP 13 10) for their inventory and fixed personal property. The Limit of Insurance is $2,500,000 with a $10,000 deductible and reports are due monthly. All reports have been made on time. The "Big Box" stores and on-line shopping have been reducing their sales for several years and they are looking for ways to cut costs, including insurance premium. Management has decided to reduce the values reported on their monthly report by 50% of the actual inventory and fixed personal property value in order to lower premium. The last report was for $200,000 (March) and in April they suffered a $400,000 fire damage loss. How much will the insurance company pay? A. $390,000 B. $400,000 C. $200,000 D. $190,000