Mr. Dev Patel has been employed for many years by a Canadian controlled private corporation.Several years ago, Mr. Patel was granted options to acquire 5898 shares of his employer's stock for 14 per share. At the time the option was granted, the shares have a fair market value of 6 per share. On July 21, 2021, Mr. Patel exercises all of these options. At the exercise date, the fair market value of the shares were 17 per share. In February, 2022 he sold all of the shares for 33 per share. Calculate the net effect of the share transactions that took place in 2021 and 2022 on Mr.Patel's Taxable income in 2022.

Mr. Dev Patel has been employed for many years by a Canadlan controlled private corporation Several years ago, Mr. Patel was granted options to acquire 5898 shares of h's employer's stock for 14 per share. At the time the option was granted, the shares have a fair market value of 6 per share. On July 21, 2021, Mr. Patel exerdses all of these options. At the exercise date, the fair market value of the shares were 17 per share. In February, 2022 he sold all of the shares for 33 per share. Calculate the net effect of the share transactions that took place in 2021 and 2022 on Mr.Patel's Taxable income in 2022