On May 2, 2017, Lori makes a $5000 contribution to her IRA, which had a fair market value of $250,000 on January 1 and $200,000 on May 2 before the contribution was recorded. On June 14, Lori learned from her tax preparer that was eligible to contribute only $4500 for the year. As a result, the trustee withdraws the $500 and it earnings from the IRA on June 15 when the fair market value of the IRA is $190,000. What is the total withdrawal amount?

$463

$475

$500

$537