If 500 stock warrants, each assigned a value of $3, are later exercised at the $25 per share exercise price, and the stock has a par value of $10, the company would record

1. a debit to Cash for $12,500.
2. a debit to Common Stock Warrants for $1,500.
3. a credit to Additional Paid-In Capital for $9,000.
4. all of these choice