Assume that Atlas Company did not make any journal entries relating to the put option. Atlas Company would have to report the following gain/(loss) on the put option on 30 September 20x1:

(a) $5,000

(b) $1,800

(c) $(1,800)

(d) $1,300 

On 31 July 20x1, Atlas Company wrote (sold) a put option on 10,000 Listco shares. The option premium was $0.18 per share and the exercise price was $3.60. The option expired on 30 September 20x1. The prices of Listco shares and the put option on selected dates are as follows:

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Date 31 July 20x1. 31 August 20x1. 30 September 20x1 Price of Listco shares $3.85 $3.75 $3.55 Put option premium per share $0.18 $0.16 ?