Question 16 6 pts Bis employed by X Corporation. The corporation granted B nonqualified stock options in 2018. The options allowed B to buy 1,000 shares of stock for $30 per share anytime within the next two years. The FMV of the options in 2018 was $800 as evidence by the market price of the options at that time. B properly reported the required income in 2018. B exercised the options in 2019 by buying 1,000 shares of the stock from the company for $30 per share. However, within 10 months of the exercise date B sold the stock for $100 per share. The sale took place in 2020. Additional facts: FMV of the options $800 FMV of the stock on the date of grant was $30,000. B exercised the options in 2020 when the stock was worth $70,000. You are to calculate the gain, if any, B should recognize in 2020 due to the stock being sold. Hint: Calculating B's basis in the stock is a key point. The correct answer is not shown $30,000 $70,000 O $69.200 O $0