You have worked at a Canadian controlled private corporation for 5 years. Three years ago your employer granted you options to acquire 4,000 shares for $54 per share when the shares had a fair value of $40 per share. In February 2019, you exercise all of the options when the fair value of $82 a share. In May 2020, you sell the 4,000 shares for $97 a share. What is the income tax impact for you in 2019 and 2020? Document calculations of Net Income (Division B) and Taxable Income (Division C) for both 2019 and 2020.