A-9: Call option On March 1, 2022, Jensen Corp. purchased a call option on shares of YTV stock. The contract was for 100 shares at a strike price of $170 per share, with an expiration date of May 31, 2022. The option contract premium was $40. On March 31, a market appraisal estimated the time value of the option to be $30. Jensen settled the option contract on May 10. Prices of YTV stock during the option period are provided below. Price of YTV stock: March 1 $170 March 31 $160 May 10 $165 At what amount would Jensen report as the value of the call option in its March 31, 2022 balance sheet? Call Option account balance as of March 31, 2022: $ 500 x