On March 1, 2025, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike price of $130 per share, with an expiration date of May 31, 2025. The option contract premium was $40. On March 31, a market appraisal estimated the time value of the option to be $30. Hudson 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:	$130	$120	$125

At what amount would Hudson report as the value of the put option in its March 31, 2025 balance sheet?