Nossiter Company purchases a call option contract to purchase 500 shares of NOLA Company stock on July 1, 2025. NOLA is trading at $50 per share at that date. The cost of the call option contract was $100. At December 31, 2025, NOLA stock is trading at $79 per share and a market appraisal indicates that the time value of the option contract at that date is $70. Which of the following statements is true with regard to the option contact? Group of answer choices Nossiter will report the call option at its carrying value of $14,570 in its December 31, 2025 balance sheet. The intrinsic value of the option contract is $14,430 at December