fo Mark for follow up Question 4 of 15. On February 1, 2021, Logan was granted an incentive stock option (ISO) by his employer. The option enabled him to purchase 1,000 shares of stock for $10 per share. Logan exercised the option four months later, on June 1, 2021, when the stock was trading at $15 per share. Logan then sold the stock at a gain a little over a year later, on June 9, 2022, when the stock was trading at $22 per share. How much ordinary income from compensation should be reported on Logan's 2022 return as a result of this transaction? $0 $5,000 $7,000 $10,000 Mark for follow UR

On February 1, 2021, Logan was granted an incentive stock option (ISO) by his employer, The option onabled him to purchase 1,000 shares of stock for $10 per share. Logan exercised the option four months later, on June 1, 2021, when the stock was trading at $15 per share. Logan then sold the stock at a gain a littie over a year later, on June 9,2022 , when the stock was trading at $22 per share. How much ordinary income from compensation should be reported on Logan's 2022 retum as a result of this transaction? $0 $5,000 $7,000 $10,000