Exercise 7-24 (Algorithmic) (L0.4) Noelle's diamond ring was stolen in 2017. She originally paid $9.700 for the ring, but it was worth considerably more at the time of the theft. Noelle Tiled an insurance claim for the stolen ring, but the claim was denied. Because the insurance cama denied, Noelle to casualty loss for the stolen ring on her 2017 tax retum. In 2017, Noelle had AGI of 548,500. Alter Nonile threatened legal schon, in early 2020, the Insurance company had a "change of heart and sent Noelle a check for $5,820 for the stolen ting. The percent for 100 What is the proper tax treatment of the $5,820 Noelle received from the insurance company in 2020? Noelle should the amount of Pre