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QUESTION 2 Early in 2020, Leonard was granted an option to purchase 1,000 of his company's (Public Company) shares for $2 per share. At that time the shares were trading on the market at $3 per share. Later in the year, Leonard exercised the option and acquired 1,000 shares when they were trading at $4.50 per share. In December 2020, he needed cash, so he sold the 1,000 shares for $5 each. Requirements: Calculate and briefly explain the tax consequences that will impact the taxablity of Leonard's income in 2020, as follows: 1. At date of grant of option 2. At exercise date of option 3. On date of disposition of shares For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B IV Paragraph Arial 14px A !!! Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro