On November 19, 2019, Rex is granted a nonqualified stock option to purchase 100 shares of Tan Company. On that date, the stock is selling for $8 per share, and the option price is $9 per share. However, the option does not have a readily ascertainable fair market value. Rex exercises the option on August 21, 2020, when the stock is selling for $10 per share. Five months later, Rex sells the shares for $11.50 per share. If there is no income or gain, select "no income or gain" from the dropdown and enter "0" in the amount box. a. What amount is taxable to Rex In 2019? Rex has of $ b. What amount is taxable to Rex in 2020? Rex has of $ c. What amount and type of gain are taxable to Rex in 20217 Rex has of s d. How much is deductible by Tan Company in 2020? e. What amount, if any, is recognized in 2020 if the stock is sold for $9.50 per share? Rex will recognize of