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Danielle was promoted to an upper - level management job at Wally World on July 1 , 2 0 2 1 . As part of

Danielle was promoted to an upper-level management job at Wally World on July 1,2021. As part of her new compensation package, she was given stock options to purchase 3000 shares of Wally World stock for $10 per share, anytime within a 5-year period from July 1,2021. On July 1,2021, Wally World's stock was trading at $10.50 per share. Danielle exercised the options on all 3000 shares on Wally World stock on Feb. 12th,2024, when the price of the stock was $15.50 per share.
(a) What was the amount of income or gain or loss that she reported from the granting of the stock options on July 1,2021?(2 points)
(b) What is the amount of compensation that she will have, if any, from the exercising of the options on Feb 12th,2024?(2 points)
(c) What is her per share cost basis in the stock?
(2 points)
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