Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.) Yost received 300 NGOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $27 per share). At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $27 per share. Yost exercised all of his options when the share price was $54 per share. Two years after acquiring the shares, he sold them at $83 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.) Problem 12-28 Part a (Algo) a. What are Yost's taxes due on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Income Amount Taxes Due Grant date Exercise date Sale date Problem 12-28 Part b (Algo) b. What are Cutter Corporation's tax consequences (amount of deduction and tax savings from deduction) on the grant date, the exercise date, and the date Yost sold the shares? Amount of Deduction Tax Savings Grant date Exercise date Sale date Problem 12-28 Part d (Algo) d. Assume that Yost's options were exercisable at $32 and expired after five years. If the stock only reached $30 during its high point during the five-year period, what are Yost's tax consequences on the grant date, the exercise date, and the date the shares are sold, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent? Income Amount Taxes Due Grant date Exercise date Sale date