Gogo, Incorporated granted a nonqualified stock option to Mwana to buy shares of Gogo stock for $ per share for five years. At date of grant, Gogo stock was selling on a regional securities market for $ per share. Gogo recorded $ compensation expense for the estimated value of the option.Required:How much income must Mwana recognize this year?Can Gogo deduct the $ expense on this years tax return?Assuming a percent tax rate, compute Gogos deferred tax asset or deferred tax liability identify which resulting from the $ compensation expense.