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Question 11 1 out of 1 points Mike was awarded 1,000 shares of restricted stock of B Corp at a time when the stock price was $14. Assume Mike properly makes an 83(b) election at the date of the award. The stock vests 2 years later at a price of $12 and Mike sells it then What are Mike's tax consequences in the year he makes the 83(b) election? Selected Answer: @ 1. Mike has W-2 income of $14,000 Answers: @ 1. Mike has W-2 income of $14,000. 2. Mike has along-term capital loss of $2,000. 3. More information is needed 4. Mike has a $12,000 long-term capital gain 5. Mike has W-2 income of $12,000.