Mr. Dev Patel has been employed for many years by a Canadian controlled private corporation.Several years ago, Mr. Patel was granted options to acquire 7,039 shares of his employers stock for 12 per share. At the time the option was granted, the shares have a fair market value of 8 per share. On July 21, 2019, Mr. Patel exercises all of these options. At the exercise date, the fair market value of the shares were 20 per share. In February, 2020, he sold all of the shares for 37 per share. Calculate the net effect of the share transactions that took place in 2019 and 2020 on Mr.Patel's Taxable Income in 2020.