5. Michael Scott retires and based on his research on the internet, decides to receive a distribution of stock worth $500k from Dunder Mifflin's stock bonus plan (even though his colleagues disagreed with him receiving stock in the first place). The employer contributed and deducted contributions of $175,000 of stock over the years. Michael later sells the stock three years later for $700K. How will Michael be taxed in the (a) year of stock distribution and the (b) year he sells the stock? a) Year Stock Distributed: b) Year of Sale of Stock