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stock on the grant date. The options cannot be exercised before January $1,2027,$ and expire December $31,2028.$ Each option has a fair value of $$1$ based on an option pricing model.

Which is the correct entry to record the exercise of $90\%$ the options on April $15,2027,$ when the market price of the stock was $$8?$

Multiple Choice

$\backslash$table$[[$Account Title,Debit,Credit$],[$Cash$,310,500,],[$Paid$-$in capital$-$stock options,$62,10,],[$Compensation expense,$124,20,],[$Common stock,,$62,10$