Tacker paid $25,000 to acquire a 5-year transferable option on a parcel of investment land to purchase the land for an additional amount of $225,000. At the time the land was worth $250,000. Three years later when the land is worth $300,000, Purchaser wishes to acquire the land. What result to Tacker:

(a) If she exercises the option and immediately sells the land to Purchase for $300,000?

(b) If she sells the option to Purchaser for $75,000? See 1234.