2. On December 31, 2014, John Due receives options to buy 120000 shares of his employer's common stock at price of $25 per share. The employer is publicly traded company and the options are exercisable at their issue date.at this time, the shares are trading at $35 per share. On July 31, 2016, he exercises all of these options. At this time, the shares are trading at $43 per share. On September 30, 2017, Mr. Due sells the shares that he acquired with his options. the precedes from the sale are $ 45 per share. calculate the Increase in the taxable Income and the taxable capital Gain given: The shares are through Public company [6 marks]