Required information Problem 12-36 (LO 12-2) (Algo) [The following information apphes to the questions displayed below] On May 1, year 1, Anna received 7,000 shares of restricted stock from her employer, Jarbal Corporation On that date, the stock price was $5 per share. On receiving the restricted stock. Anna made an 83(b) election. Anna's restricted shares will all vest on May 1, year 3 . After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan, Anna sold the shares immediately after they vested. Note: Leave no answers blank. Enter zero if applicable. Problem 12-36 Part a (Algo) a. What is Anna's ordinary income in year 1 ? Required information Problem 12-36 (LO 12-2) (Algo) [The following information applies to the questions displayed below] On May 1, year 1, Anna recelved 7.000 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was $5 per share. On receiving the restricted stock, Anna made an 83(b) election. Anna's restricted shares will all vest on May 1, year 3 . After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan, Anna sold the shares immediately after they vested. Note: Leave no answers blank. Enter zero if applicable. Problem 12-36 Part b (Algo) b. What is Anna's gain or loss in year 3 if the stock is valued at $1.10 per share on the day the shares vest? Required information Problem 12-36 (LO 12-2) (Algo) [The following information applies to the questions displayed below] On May 1, year 1. Anna recelved 7.000 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was $5 per share. On receiving the restricted stock. Anna made an 83 (b) election. Anna's restricted shares will all vest on May 1, year 3 , After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan. Anna sold the shares immediately after they vested. Note: Leave no answers blank. Enter zero if applicable. Problem 12-36 Part c (Algo) c. What is Anna's gain or loss in year 3 if the stock is valued at $8.90 per share on the day the shares vest? Required information Problem 12.36 (LO 12-2) (Algo) [The following information applies to the questions displayed below] On May 1. year 1. Anna received 7,000 shares of restricted stock from her employer, Jarbal Corporation. On that date, the stock price was $5 per share. On receiving the restricted stock. Anna made an 83(b) election. Anna's restricted shares will all vest on May 1, year 3 . After the shares vest, she intends to sell them immediately to purchase a condo. True to her plan, Anna sold the shares immediately after they vested Note: Leave no answers blank. Enter zero if applicable. Problem 12-36 Part d (Algo) d. What is Anna's gain or loss in year 3 if the stock is valued at $5 per share on the day the shares vest
