Jose Reyes surrendered an endowment policy and received 50000 from the ABC Insurance Company Over time Jose had paid 35000 in premiums In addition over time Jose had collected 5000 of dividends on the policy How much gain loss if any must Jose recognize from surrendering the endowment policy

a) $50,000

b) $15,000

c) $20,000

d) 0 

e) $10,000