On March 1, 2020, Jones Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike price of $120 per share, with an expiration date of May 31, 2020. The option contract premium was $30. On March 31, a market appraisal estimated the time value of the option to be $20. Jones settled the option contract on May 10. Prices of ICA stock during the option period are provided below.

	March 1	March 31	May 10
Price of ICA stock:	$120	$110	$115

At what amount would Jones report as the value of the put option in its March 31, 2020 balance sheet?

**I think its 3000, but im not sure**