Question 4 (8 points) Cid exercised 1,000 incentive stock options (ISOs) of his employer, Vendor Rights, Inc. The exercise cost was $20 per option. At the same time the stock was trading for $45 per share. Cid pays the company $20,000 and, in return, receives stock valued at $45,000. For regular tax purposes, how much does Cid have to report when exercising ISOs? $45,000 $0 $20,000 $25,000