Kindly show in steps/formula on how you came to the answer. Allan has 2 properties in his name, which have been rented out. Property 2 was vacant for3 months. The details of the properties are as follows: Description Rental Income Property Tax Maintenance Fees Major Renovation Repairs Wall Painting Property 1 Property 2 S$4,500 per monthS$3,600 per montlh SS330 per month S$280 per month SS190 per month Nil S$1,600 S$2,800 S$130 per month S$15,000 Nil Nil Allan was given an Option to purchase 100,000 shares at S$2.30 each of his company under the Staff Share Option Scheme. He exercised the option and later sold the shares. The details of the share prices and the relevant dates are given below: Market Price S$2.30 S$3.50 S$5.00 Date Description 5 October 2016 Option Exercise Price 12 July 2017 19 August 2017Sold the Shares Option Exercised (Q1) Determine Allan's income from the two properties for the Year of Assessment 2017. Total income from properties is based on 12 months or per annum) (Q2) Calculate the amount of Share Option benefit assessable on Allan. (Show "Discount benefit on option exercised", "Profit on sale of shares" etc)