Byrd Inc. granted Roger, its president, an option to purchase 11,000 shares for $4 per share. On February 16, 2018, he acquired the 11,000 shares under the option. The following pertains to the shares: Option granted- July 10, 2020- Fair market value: $12 Option exercised- February 16, 2018- Fair market value- $22 Shares to be sold- March 17, 2021- Fair market value- $45 Determine the tax consequences to Roger's income in 2018 if Byrd Inc. was a public company. In 2018, Roger will have an employment income inclusion of $ Blank 1. Calculate the answer by read surrounding text. .