Jose Reyes surrendered an endowment policy and received \(\$ 50,000\) from the \(A B C\) Insurance Company. Over time Jose had paid \(\$ 35,000\) in premiums. In addition, over time Jose had collected \(\$ 5,000\) of dividends on the policy. How much gain (loss), if any, must Jose recognize from surrendering the endowment policy?

a. \(\$ 50,000\)

b. \(\$ 15,000\)

c. \(\$ 20,000\)

d. 0

e. \(\$ 10,000\)