In 2014, BT granted a nonqualified stock option to Ms. Pearl to buy 680 shares of BT stock at $26 per share for five years. At date of grant, BT stock was trading on Nasdaq for $24.12 per share. In 2019, Ms. Pearl exercised the option when BT's stock was trading at $39.90 per share. a. How much income did Ms. Pearl recognize in 2014 and 2019 because of the stock option? b. Compute Ms. Pearl's basis in the 680 shares. c. What are the tax consequences of the stock option to BT in 2014 and 2019? Complete this question by entering your answers in the tabs below. Required A Required B Required C How much income did Ms. Pearl recognize in 2014 and 2019 because of the stock option? Recognized income in 2014 Recognized income in 2019 In 2014, BT granted a nonqualified stock option to Ms. Pearl to buy 680 shares of BT stock at $26 per share for five years. At date of grant, BT stock was trading on Nasdaq for $24.12 per share. In 2019, Ms. Pearl exercised the option when BT's stock was trading at $39.90 per share. a. How much income did Ms. Pearl recognize in 2014 and 2019 because of the stock option? b. Compute Ms. Pearl's basis in the 680 shares. c. What are the tax consequences of the stock option to BT in 2014 and 2019? Complete this question by entering your answers in the tabs below. Required A. Required B Required c Compute Ms. Pearl's basis in the 680 shares. Basis In 2014, BT granted a nonqualified stock option to Ms. Pearl to buy 680 shares of BT stock at $26 per share for five years. At date of grant, BT stock was trading on Nasdaq for $24.12 per share. In 2019, Ms. Pearl exercised the option when BT's stock was trading at $39.90 per share. a. How much income did Ms. Pearl recognize in 2014 and 2019 because of the stock option? b. Compute Ms. Pearl's basis in the 680 shares. c. What are the tax consequences of the stock option to BT in 2014 and 2019? Complete this question by entering your answers in the tabs below. Required A Required B Required C What are the tax consequences of the stock option to BT in 2014 and 2019? 2014 2019