An insured has an insurance policy with a $1,000 straight deductible and a $1 million per occurrence limit. The insured experiences the following four losses: (1) $700, (2) $1,000, (3) $20,000, (4) 95,000. Given this information, how much IN TOTAL will the insured receive from her insurer.

		$116,700
		$115,700
		$113,000
		$112,700

please explain how you reached your answer. thank you