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its executive stock option plan, National Corporation granted $16$ options on January $1,2024,$ that permit executives to purchase $16$ of the company's $$1$ par common shares within the next six years, t before December $31,2026($the vesting date$).$ The exercise price narket price of the shares on the date of grant, $$20$ per share. The ue of the options, estimated by an appropriate option pricing is $$2$ per option. Suppose that the options are exercised on April $7,$ when the market price is $$24$ per share.

g taxes, what journal entry will National record?

f no entry is required for a transaction$/$event$,$ select $"$No journal equired" in the first account field. Enter your answers in millions $1,000,000$ should be entered as $10).$

Jurnal entry worksheet

$1$

Record entry for options exercised on April $3,2027,$ when the market price is $$24$ per share.