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 $100 per share, with an expiration date of May 31, 2025. The option contract premium was $50. On March 31, a market appraisal estimated the time value of the option to be $40. 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: $100 $90 $95 At what amount would Hudson report as the value of the put option in its March 31, 2025 balance sheet