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On March 1, 2022, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike

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On March 1, 2022, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike price of $160 per share, with an expiration date of May 31, 2022. The option contract premium (the amount paid to enter the contract at signing) was $30. On March 31, a market appraisal estimated the time value of the option to be $20. Hudson settled the option contract on May 10. Prices of ICA stock during the option period are provided below. Price of ICA stock: March 11 $160 March 31 $150 May 10 $155 At what amount would Hudson report as the value of the put option in its March 31, 2022 balance sheet? look Put Option account balance as of March 31, 2022 rences

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