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calculating is capitai gam of the scoum invitve, capital gains/loss calculation. Option 2 (10 marks) You must answer both questions A. Mike is a

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calculating is capitai gam of the scoum invitve, capital gains/loss calculation. Option 2 (10 marks) You must answer both questions A. Mike is a lawyer, who runs his own business and does not have any employees. At 3.00 am one morning his friend Leo phones and tells Mike that he has just been questioned by police about a drug trafficking matter. Leo informs Mike that he has not been arrested but he would like to retain Mike's services as his lawyer so that he can call him any time he needs legal advice or representation. Leo adds that he will pay Mike $35,000 per year regardless of whether his services are needed. Mike agrees and he anonymously receives $35,000 into his bank account some

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