Pasqual Melo is employed by a public corporation. On January 1, 20X0, she was given an option to purchase 1,000 shares of the public corporation for $8 per share (the option extended for two years). On December 15, 20X0, she exercised her option and bought 1,000 shares at $8 per share (total = $8,000). On June 15, 20x3, she sold the 1,000 shares. The value of the shares at the particular dates was as follows: Date option granted $ 8.50 Date option exercised 10.00 Date shares sold 14.00