Question: how did they find the intrinsic values time value. How did they also find the call and put payoffs. Need help, it is to help

how did they find the intrinsic values time value. How did they also find the call and put payoffs. Need help, it is to help me study for a test

#3
Stock Price 221
Strike Price 220
Call Premium 8
Put Premium 7
Call Breakeven 228
Put Breakeven 213
Call is In the money
Put is Out of money
Call Put
Intrinsic Value 1 0
Time Value 7 7
Max loss 8 7
Max gain Unlimited 213
Payoffs at different S1
S1 176.80 198.90 221.00 243.10 265.20
Call payoff -8.00 -8.00 -7.00 15.10 37.20
Put payoff 36.20 14.10 -7.00 -7.00 -7.00

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