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Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving...

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Accounting

Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marikas car had damage of $7,700, and the car she struck had damage of $6,000. After a lengthy court suit, the couple struck were awarded personal injury judgments of $17,800 and $8,800, respectively.

a. What will the insurance company pay for this accident?

Amount paid $

b. What is Marikas responsibility?

Amount paid $

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