Please answer A and B for the amount and date

On September 30,2016, Stalling Incorporated Issued 2,000 shares of its publicly traded stock as compensation to its employee, Mr. Harry. On the date of Issuance, the stock's fair market value was $40,000. Under the terms of his 2016 compensation contract, Mr. Harry couldn't dispose of the stock before October 1, 2021, and if he terminated his employment with Stalling before that date, he had to return the stock to the corporation. On October 1, 2021, Mr. Harry, who still worked for Stalling, sold all 2,000 shares for $57,500. Stalling Incorporated uses a fiscal year ending August 31 for tax purposes. Required: Determine the amount of Stalling's deduction and the taxable year in which Stalling is allowed the deduction with respect to the 2,000 shares issued to Mr. Harry if: a. Mr. Harry made no election with respect to the restricted stock in 2016. b. Mr. Harry filed a timely election in 2016 to accelerate income recognition with respect to the 2,000 shares of restricted stock. Complete this question by entering your answers in the tabs below. Determine the amount of Stalling's deduction and the taxable year in which Stalling is allowed the deduction with respect to the 2,000 shares issued to Mr. Harry if Mr. Harry made no election with respect to the restricted stock in 2016. On September 30,2016 , Stalling Incorporated Issued 2,000 shares of its publicly traded stock as compensation to its employee, Mr. Harry. On the date of issuance, the stock's falr market value was $40,000. Under the terms of his 2016 compensation contract, Mr. Harry couldn't dispose of the stock before October 1,2021 , and if he terminated his employment with Stalling before that date, he had to return the stock to the corporation. On October 1, 2021, Mr. Harry, who still worked for Stalling, sold all 2,000 shares for $57,500. Stalling Incorporated uses a fiscal year ending August 31 for tax purposes. Required: Determine the amount of Stalling's deduction and the taxable year in which Stalling is allowed the deduction with respect to the 2,000 shares issued to Mr. Harry if: a. Mr. Harry made no election with respect to the restricted stock in 2016. b. Mr. Harry filed a timely election in 2016 to accelerate income recognition with respect to the 2,000 shares of restricted stock. Complete this question by entering your answers in the tabs below. Determine the amount of Stalling's deduction and the taxable year in which Stalling is allowed the deduction with respect to the 2,000 shares issued to Mr. Harry if Mr. Harry filed a timely election in 2016 to accelerate income recognition with respect to the 2,000 shares of restricted stock