A company granted stock options to the following employees including their exercise and sale details:

Employee Name	Date option given	Total number of stock options granted	Fair market value on the date of stock options	Date the employee actually exercised the option	Date the employee sold the stocks	Price at which the employee sold the stocks	Total stocks sold
Joseph	4/21/2009	1500	$55	5/1/2010	4/21/2011	$72	1200
Brandy	3/31/2008	4500	$48	4/1/2010	4/1/2011	$59	4000
Turner	5/3/2007	2000	$32	3/1/2009	4/5/2012	$48	2000

If some information is missing, you can assume that the conditions are met for ISOs. For example, you can assume that the board of directors approved the grant of the options within the time period specified.

For each employee:

a. Determine if the stock options meet the requirements for an ISO or not. If not, what changes would you recommend to the company to make it as a qualified stock option?

b. Calculate the gain or loss and explain whether the gain or loss is to be treated as ordinary income or capital gains.