On April 1, 2021, Harry's employer granted him an option under its Employee Stock Purchase Plan to buy 100 shares of company stock for $30 a share. On April 1, 2021, stock had a value of $35 per share. On October 1, 2022, when the value of the stock was $45, Harry exercised the option. On December 1, 2022, Harry sold the stock for $50 per share. What amount and type of income did Harry recognize in 2022?
Group of answer choices
$1,500 in ordinary income only
$500 in ordinary income and $1,500 in capital gain
$1,500 in capital gain only
$500 in ordinary income only