Question 10 Questo pa 1:00p Allman, Inc, enters into a call option contract with Betts Investment Co. on January 2, 2022. This contract gives Allman the option to purchase 1000 sharm of pm share. The option expires on April 30, 2022 Upmann shares are trading at $100 per share on January 2, 2022 at which time Alman pays $500 for the call aption As of March 2 the price of the Upmann shares has risen to $128 per share, and the remaining time value of the option has dropped in value to $100 Allman aj quarter ending March 31. As regards this option how much income should Allman, Inc report on its March 31 income statement more t ring uncal sume for the O 50 $100 $27,600 O $29,700 O $30,000