D Question 2 15 pts On January 1, 2020, GHI Corporation invested $10,000 in 100 shares of the common stock of Kirkland Inc. To hedge against potential declines in the value of the Kirkland stock, GHI purchased a put option on the Kirkland stock. GHI paid an option premium of $1,000 for the put option, which gives GHI the option to sell 100 shares of Kirkland at a strike price of $100 per share (net settlement with cash is permitted). The option expires on December 31, 2021. The following data are available with respect to the values of the Kirkland stock and the put options: Date Market price of Kirkland Stock Time Value of Put Option January 1, 2020 December 31, 2020 December 31, 2021 $100 $90 $105 $1,000 $550 $0 The overall gain or loss calculation should include any gain or loss from both the stock and the put option GHI Corporation will report an overall (Gain or Loss) of $ for the year ending December 31, 2020. The overall Gain or Loss for the year ending December 31, 2020 will be part of Net Income True or False and the put option GHI Corporation will report an overall (Gain or Loss) of $ for the year ending December 31, 2020. The overall Gain or Loss for the year ending December 31, 2020 will be part of Net Income. True or False On December 31, 2021, GHI Corporation sells the stock for $105. For the year ending December 31, 2021, GHI Corporation will report an overall (Gain or Loss) of $