(Solved): On January 1, 2022, Mills Corp. purchased a call option on shares of XYZ stock. Terms of the contra ...

On January 1, 2022, Mills Corp. purchased a call option on shares of XYZ stock. Terms of the contract were as follows: - Number of shares: 100 - Strike price: \( \$ 180 \) per share - Expiration date: April 30, 2022 - Total cost of the option contract paid at signing: \( \$ 120 \) - Seller of the option contract: First Investment Bank On January 1, 2022, XYZ stock was trading at \( \$ 180 \) per share. The following additional information is known: - On March 31. 2022, the price of XYZ stock was \( \$ 200 \) per share. A market appralspl indicated that the time value of the option contract was \( \$ 100 \). - On April 5.2022, the price of \( \mathrm{XYZ} \) stock was \( \$ 195 \) per share. A market appraisal indicated that the time value of the option contract was \( \$ 90 \). On this date. Mills settled the option contract. Required: 1. indicate any amounts that Milis Corp. would have included in its March 2022 quarterly financial statements related to the option contract Required: 1. Indicate any amounts that Mills Corp. would have included in its March 2022 quarterly financial statements related to the option contract. Complete this question by entering your answers in the tabs below. Indicate any amounts that Mills Corp. would have included in its March 2022 quarterly financial statements related to the option contract.