A-11: Put option On March , 2022, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a arch strike price of $120 per share, with an expiration date of May 31, 2022. The option contract premium was $30. On March 31, a market appraisal estimated the time value of the option to be $20. Hudson settled the option contract on May 10. Prices of ICA stock during the option period are provided below. March 1 March 31 May 10 Price of ICA stock: $120 $110 $115 At what amount would Hudson report as the value of the put option in its March 31, 2022 balance sheet? Put Option account balance as of March 31, 2022: $ 6,000