Gail works for a Canadian public corporation. Three years ago she was granted an option to purchase 100 shares at $30 per share from her employer. The FMV on the day the option was granted was $33 per share. Gail exercised her option by purchasing 100 shares in the current year at a time the FMV was $42 per share. She has not yet sold the shares. What is the effect on Gail's current year net income? $1,200 increase $900 increase $600 increase No effect. QUESTION 12 During 2021, your company acquired depreciable property for $437,000 to be used in your business. The accountant misclassified the property including it in Class 1 at the end of the year (it was not included in a separate Class 1). Early in 2022, the misclassification was discovered and you learned that the property should have been included in Class 8. What was the impact of this error on your 2021 business income? Assume that the company always claims maximum CCA. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)