53. On March 1 of the current year, Tiny Inc., grants Tim a nonqualified stock option to acquire 1,000 shares of the company's stock for $12 per share. The fair market price of the stock on the date of grant is S15. The option does not have a readily ascerainable fair market value. On June 1 of the current year, when the fait market value of the stock is $18, Tim exercises the stock option. Determine the tax consequences to Tim and Tiny Inc., on the grant date of the option and the exercise date