Question 12 (2 points) Saved Patrick was granted a stock option in September 2010 under his employer's nonstatutory stock option plan, Patrick was granted an option to purchase 10,000 shares a $70 per share the market price at the time of the traint Patrick exercises the option in February 2012. purchasing 5,000 shares. The market price of the stock is 580 per share at the time of exercise. Patrick sells the shares in May 2013 at a price of 100 per share. Patrick is in the 25% tax bracket What amount is subject to taxation at the time of sale? $100,000 $500,000 $50,000 $0 $400,000