3. On June 1, 2017, ABC Corp. granted 500 Incentive Stock Options to one of their executives, Michael. The stock had an option price of $25. On December 31,2017, Michael exercised all of his options when the market price per share was $50. What is the basis of his stock and how much should be included on his Form W-2 as income for 2017? (2pts) 4. On March 1. 2017, Wasley Corp. granted 1,000 Non-qualified Stock Options to Haley (arn employee). The exercise price on the shares was $23 per share. On December 31, 2017, Haley exercised all of her options when the market price per share was $43. What is the basis of her stock, and what amount should be included on her Form W-2 as wage income in 2017? (2pts)