Molly became an employee of ABC, Inc., a privately held firm. On December 15, 20X3, Molly was allowed to buy 20,000 shares of ABC, Inc. stock for $40,000 dollars. When Molly bought the stock, each share was worth $2. ABC, Inc. retained the right to repurchase each share for $2 original purchase price if Molly leaves ABC, Inc. at any time during the next two years for any reason. ABC, Inc. stock increased to $5 per share in December 15, 20X5, when the two-year restriction ended. Molly sold the stock on January 18, 20X6 for $9 per share, after the announcement of a new patent for ABC, Inc. Advise Molly roughly how much tax she must pay and for what year(s). Assume Molly is in the 35% tax bracket for ordinary income and 15% for long term capital gains.