In $20$x$1,$ Rick received $500$ shares of restricted stock from his employer, Crazy Corporation, when the share price was $$5$ per share. Rick's restricted shares vested three years later, in $20$x$3$ when the market price was $$12.$ Rick held the shares for a little more than a year and sold them in $20$x$5$ when the market price was $$15.$

Assume Rick DOES make a Sec. $83($b$)$ election!

What is the amount of Rick's gain from the sale of the stock in $20$x$5?[$ Select $]["5,000","1,500","7,500","0"]$

Does Rick have income in the grant year $(20$x$1)?[$ Select $]["$Yes$","$No$"]$