On January $2,2023,$ Blossom Corporation purchased a call option for $$340$ on Walter Inc.$\text{'}$s common shares. The call option gives Blossom the option to buy $1,100$ shares of Walter at a strike price of $$25$ per share anytime during the next six months. The market price of a Walter share was $$25$ on January $2,2023($the intrinsic value was therefore $$0).$ On March $31,2023,$ the market price for Walter stock was $$36$ per share, and the fair value of the option was $$17,000.$