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Chantal received 100 incentive stock options (ISOs) when she started working at Slash Pine Co. At that time, the stock price was $6 per share.

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Chantal received 100 incentive stock options (ISOs) when she started working at Slash Pine Co. At that time, the stock price was $6 per share. Each option gives her the right to purchase one share of stock for $8 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $20 per share. What amount and character of income must Chantal recognize on the date she sells her shares? Select one: O A. $1,200, capital O B. $1,400, ordinary O C. $0 O D. $500, capital

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