8. On June 10, 2016, Joan received 2,000 shares of restricted stock from her employer, Independence Corporation, when the share price was $10 per share. The company does not require any payment by Joan for the stock. On June 10, 2019, Joan's restricted shares vested, when the market price was $14 per share. On June 20, 2020, Joan sold all of the stock when the market price was $16 per share. Joan made a Section 83(b) election. What is amount of ordinary income did Joan recognize? 9. On June 1, 2016, Ann received 2,000 shares of restricted stock from her employer, Independence Corporation, when the share price was $10 per share. The company does not require any payment by Ann for the stock. On June 1, 2019, Ann's restricted shares vested, when the market price was $14 per share. On June 3, 2020, Ann sold all of the stock when the market price was $16 per share. Ann made a Section 83(b) election. What is the amount of Ann's gain or loss on the sale in 2020? 8. On June 10, 2016, Joan received 2,000 shares of restricted stock from her employer, Independence Corporation, when the share price was $10 per share. The company does not require any payment by Joan for the stock. On June 10, 2019, Joan's restricted shares vested, when the market price was $14 per share. On June 20, 2020, Joan sold all of the stock when the market price was $16 per share. Joan made a Section 83(b) election. What is amount of ordinary income did Joan recognize? 9. On June 1, 2016, Ann received 2,000 shares of restricted stock from her employer, Independence Corporation, when the share price was $10 per share. The company does not require any payment by Ann for the stock. On June 1, 2019, Ann's restricted shares vested, when the market price was $14 per share. On June 3, 2020, Ann sold all of the stock when the market price was $16 per share. Ann made a Section 83(b) election. What is the amount of Ann's gain or loss on the sale in 2020