Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $35 per share) at the time he started working for Cutter Corporation three years ago. Cutters stock price was $35 per share. Yost exercises all of his options when the share price is $70 per share. Two years after acquiring the shares, he sold them at $107 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.)

a. What are Yosts amount of income/gain recognized and amount of taxes payable on the grant date, exercise date, and sale date, assuming his ordinary marginal rate is 35 percent and his long-term capital gains rate is 15 percent?

	Income Amount	Taxes Due
Grant date
Exercise date
Sale date