Several years ago, Mr. Bs employer gave him options to purchase 1,000 shares of the employers stock at a price of $24 per share. At that time, the shares were trading at $20 per share. The employer is a publicly traded company. During April 2020, Mr. B exercises the options. At this time, the shares are trading at $26.50 per share. During July 2021, Mr. B sells the shares for $40 per share. Required: Determine the tax effect of the transactions that took place during 2020 and 2021 for Mr. Bs Net Income For Tax Purposes (NIFTP) and Taxable Income. In your inputs below, simply enter whole numbers without any signs or words (no $, comma or brackets). Round your answers to the nearest dollar amount where applicable. a. In year 2020: Effect for his NIFTP................................ b. In year 2020: Effect for his Taxable income................. c. In year 2021: Effect for his NIFTP................................ d. In year 2021: Effect for his Taxable income.................