Hulk recently received 1000 shares of restricted stock from his employer, Marvel Corporation, when the share price was $7 per share. Hulk's restricted shares vested three years later, when the market price was $16. Hulk held the shares for a little more than a year and sold them when the market price was $22. What is the amount of Hulk's income and tax on all of the dates below. Assume a marginal tax rate of 24 percent and a preferential rate of 15%. Provide Hulk's income and tax consequences assuming (a) an 83(b) election is made and (b) an 83(b) election is not made 83(b) Election Income amount Tax amount Grant Date Vesting Date Sale Date Income amount NO 83(b) Election Tax amount Grant Date Vesting Date Sale Date