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Required information On January 1, 2021. a company granted 26,000 stock options to employees to acquire $1 par common stock for an exercise price of $12 per share Fair value per option on grant date was $6. The options vest on December 31, 2022 and expire on December 31, 2025 Use the information above to answer the questions below. On May 15, 2023, 85% of the options are exercised. The market price on this date is $18 per share Prepare the journal entry to record exercise of the options