48. Jose Reyes surrendered an endowment policy and received $50,000 from the ABC Insurance Company. Over time Jose had paid $35,000 in premiums. In addition, over time Jose had collected $5,000 of dividends on the policy. How much gain (loss), if any, must Jose recognize from surrendering the endowment policy? $50,000 b. $15,000 $20,000 d. 0 $10,000 a. C. e