Early in 2020, Leonard was granted an option to purchase 1,000 of his company's (Public Company) shares for $2 per share. At that time the shares were trading on the market at $3 per share. Later in the year, Leonard exercieed the option and acquired 1,000 shares when they were trading at $4.50 per share. In December 2020, he needed cash, so he sold the 1,000 shares for $5 each. Requirements: Calculate and briefly explain the tax consequences that will impact the taxablity of Leonard's income in 2020. a. follows: 1. At date of grant of option 2. At exercise date of option 3. On date of diepoeition of shares