2) R Corp. granted an incentive stock option for 200 shares to S, an employee, on March 14, Year 12. The option allows R to purchase the stock for $150 (the FMV at the grant date). The option had a readily ascertainable value of $3. S exercised the option on August 2, Year 14, when the FMV was $180 per share. She sold the stock on September 20, Year 15, for $250 per share. How much gross income did S recognize in Year 12 (grant), Year 14(exercise), and Year 15(sale)? State the character of the income