Note: Please show detailed calculations and explanations. Answers without showing calculations/explanations, will not receive credit. a) Pure Action Cycles Incorporated, a bicycle manufacturer, has a net capital loss in 2022 of $(67,000). It had net capital gains of $21,350 in 2021, $46,500 in 2020, $10,300 in 2019 (but suffered a net operating loss in 2019), and $8,300 of net capital gain in 2018. What is the net capital gain in 2021 after the carryback is applied? - $21,350$10,300=$11,050 (Net Capital Gain in 2021) b) Imperial Construction Incorporated (IC) issued 100.000 incentive stock options (ISOs) to its employees on January 1, 2021, with an estimated value of $5.50 per option. The options vest (acerue) at 25 percent por year for four years (beginning in 2022). Each option aliows the holder to purchase one share of stock at $8. On January 1, 2023, employees exercised 12,500 options as IC's stock price reached \$14.72. What is the amount of the book-tax difference in 2023 associated with the incentive stock options? is it favorable or unfavorable? is it temporary or permanent