Question: Answer please Tax Drill - Exercised and Expired Options On May 9, 2021, Glenna purchases 500 shares of Ignaz Company stock for $7,500. On June

Answer please

Tax Drill - Exercised and Expired Options On May 9, 2021, Glenna purchases 500 shares of Ignaz Company stock for $7,500. On June 30, 2021 , she writes a call option on the stock, giving the grantee the right to buy the stock for $9,000 during the following 12 -month period. Glenna receives a call premium of $750 for writing the call. a. If the call is exercised by the grantee on December 15,2021 , Glenna has of $ from the sale of the stock. b. Assume that the original option expired unexercised. Glenna has of $

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