Mike has been an employee of POR Corp. a public company In Yeart Mile was granted an option to acquire 200 shares from Pastratury at a price of $20 per share. At the date the option was granted the shares were rating on the market $23 per In Year 2: Mile exercised the option and acquired 200 shares. At that time, the shares were trading 33 per share In Years Stcurrent yearl Mihe sold 200 shares for 450 per shart Note: Shares do not have any special and his or restrictions. No other stock options were to Me by POC Required: 110 Marks Discuss the income tax consequences show calculations where possible for Mike's transactions for 1 Year 1 Year ) Years by What would be the impact to Mike if the PQR were a Canadian-Controlled Private Corporation CCP Me be able to deduct the stock option deduction to arrive at listauable income the were a CCR Why or why Mike has been an employee of POR Corp. a public company In Yeart Mile was granted an option to acquire 200 shares from Pastratury at a price of $20 per share. At the date the option was granted the shares were rating on the market $23 per In Year 2: Mile exercised the option and acquired 200 shares. At that time, the shares were trading 33 per share In Years Stcurrent yearl Mihe sold 200 shares for 450 per shart Note: Shares do not have any special and his or restrictions. No other stock options were to Me by POC Required: 110 Marks Discuss the income tax consequences show calculations where possible for Mike's transactions for 1 Year 1 Year ) Years by What would be the impact to Mike if the PQR were a Canadian-Controlled Private Corporation CCP Me be able to deduct the stock option deduction to arrive at listauable income the were a CCR Why or why