Problem 15-14 (Algo) [LO 15-4] This year, Gogo, Incorporated granted a nonqualified stock option to Mwana to buy 11,000 shares of Gogo stock for $8.3 per share for five years. At date of grant, Gogo stock was selling on a regional securities market for $7.93 per share. Gogo recorded $20,800 compensation expense for the estimated value of the option. Required: a. How much income must Mwana recognize this year? b. Can Gogo deduct the $20,800 expense on this year's tax return? c. Assuming a 21 percent tax rate, compute Gogo's deferred tax asset or deferred tax liability (identify which) resulting from the $20,800 compensation expense. Complete this question hy entering your were in the that