question 8 please

46 What happens if the 40,000 gains is because of the death of Mr. Johnstone 47 48 49 Question 8 (7 marks) 50 51 During her first year as an employee of ABC Ltd., in 2014, Mrs. Xase was granted options to 52 purchase 20,000 company shares at a price of $1/share 53 54 Mrs. Xase exercises the options on January 1, 2015 when the shares were trading at $2.50/share 55 56 Mrs. Xase sells all of her shares at a price of $3/share on March 31, 2019 57 58 ABC Ltd. Is a CCPC. At the time the options were granted the company shares were valued at 59 $1.25/ share 60 61 How does answechange if ABC Ltd. Is a public company 62 63 64 65 66 67 68 69