IV. On January 1, 2020 Blue received 5,500 restricted shares of stock from the Black Company when the fair market value of the stock was $40 per share. The restricted shares of stock vest on January 1, 2023. On January 1, 2023 the fair market value of the stock was $48 per share. Blue sold the 7,000 shares of stock on August 1, 2023 for $50 per share. Blue made a section 83 (b) election. Required: 1. Determine the tax treatment of the restricted stock to Blue on the date of grant, the date of vesting, and the date of sale. 2. Determine the tax treatment of the restricted stock to the Black Company on the date of grant, the date of vesting, and the date of sale