b. Melon Convenient Store incurred the following insured losses, in the order given, during the current policy year: Loss Amount of loss A $5,000 B $8,000 $12,000 How much would the insurance company pay for each loss if the Melon's policy contained the following type of deductible? i $1,000 straight deductible it. $20,000 annual aggregate deductible 6 marks