East Wing offered an incentive stock option plan to its employees. On January 1, 2021, 90,000 options were granted. Each option can be converted into one share of $1 par common shares. The exercise price of $6 equals the market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024 and expire December 31, 2030. Each option has a fair value of $2 based on an option pricing model. Which is the correct entry to record compensation expense for the year 2021? Compensation expense 180,000 Common stock 180,000 Compensation expense 60.000 Common stock 60,000 Compensation expense 180,000 Pald-in capital-stock options 180,000 Compensation expense 60.000