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