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Question 1 1 pts In June of 2021, Barbara was diagnosed as having a terminal illness. After paying $4,200 in premiums for her term life
Question 1 1 pts In June of 2021, Barbara was diagnosed as having a terminal illness. After paying $4,200 in premiums for her term life insurance, Barbara decided to sell the policy to Blue Horizons Inc., a company that is authorized to purchase such policies. Blue Horizons, Inc. paid Barbara $60,500. When Barbara died 4 months later, Blue Horizons, Inc., collected the face amount of the policy, $85,300. During the four months it owned the policy, Blue Horizons, Inc., paid additional premiums of $1,500. How much gain should Blue Horizons, Inc. report for 2021? Round your answer to the nearest dollar, and do not include cents or dollar sign. For example: if the answer is 100 simply write 100, (and NOT $100, $100.00 or 100.00)
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