On January $1,2016,$ Telespace Inc. grants $12$ million stock options to its employees. The stock options have exercise price of $$20,$ which is equal to the grant$-$date price. All options will vest in three years. The grant date fair value of the options is $$15$ per option. All $12$ million options are expected to vest. On January $2,2019,$ all $12$ million vested options are exercised when the stock price is $$60.$ The applicable tax rate for all periods is $30\%.$ The company has sufficient taxable income for the stock option tax deductions to reduce income taxes payable in all periods$\mathrm{.}15.$ By what amount will Telespace's shareholder's equity be increased in year $2017?$A$.$ $$60$ million B$.$ $$18$ million C$.$ $$12$ million D$.$ $$016.$ How much is the deferred tax to be recognized in year $2017?$a$.$ deferred tax asset of $$18$ millionb. deferred tax liability of $$18$ millionC. deferred tax asset of $$12$ milliond. deferred tax liability of $12$ million$17.$ How much is the cash that Telespace will collect from its employees when they exercise all vested stock options on January $2,2019?$A$.$ $$240$ millionB. $$480$ millionC. $$720$ millionD. $$018.$ How much is the excessive tax benefits to be credited to tax expense on January $2,2019$according to the ASU $2016-092$a$.$ $$144$ millionb. $$90$ millionc. $$60$ milliond. $$48$ million