Hua Xin Services offered an incentive stock option plan to its employees. On January 1, 2024, options were granted for 60,000$1 par common shares. The exercise price equals the $5 market price of the common 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 compensation expense for the year 2024 ? Multiple Choice \begin{tabular}{|l|c|c|} \hline \multicolumn{1}{|c|}{ Account Title } & Debit & Credit \\ \hline Compensation expense & 20,000 & \\ \hline Common stock & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Compensation expense & 80,000 & \\ \hline Paid-in capital-stock options & & 80,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Account Title & Debit & Credit \\ \hline Compensation expense & 20,000 & \\ \hline Paid-in capital-stock options & & 20,000 \\ \hline \end{tabular}