For each of the following independent situations, determine the amount, if any, that the taxpayer must recognize in 2017. a. ABC Shop gives all 3 of its employees' free soda. The fair market value of this soda to an employee is $1.00/month. What is the amount, if any, will each employee include in their gross income in 2017 for these gifts? b. Ace Products is an off shore exploration and production company. As.acondition.at. employmentAceRroductsrequires all of its employees to be on 24 hour call for emergencies and requires all of their employees to live in rent-free company-provided housing (value of $18,000 per year). Greg, an employee of Ace Products., receives a salary of $78,500 per year. How much, if any, will Greg include in his taxable income in 2017