Kearney Corporation sold call options on 20,000 shares of BCE Inc. on October 21, 2012. These options give the holder the right to buy BCE shares at $33 per share until May 17, 2013. For issuing these options, Kearney received $30,000. On December 31, 2012 (Kearney's fiscal year-end), the options traded on the Montreal Exchange for $3.50 per option. On May 17, 2013, BCE's share price increased to $37 and the option holders exercised their options. Kearney had no holding of BCE shares. combo moldo29 Kearney Corporation sold call options on 20.000 shares of BCE Inc. on October 21, 2012. These options give the holder the right to buy BCE shares at $33 per share until May 16, 2013. For issuing these options, Kearney received $30,000. On December 31, 2012 (Kearney's fiscal year-end), the options traded on the Montreal Exchange for $3.50 per option. On May 17, 2013, BCE's share price increased to $37 and the option holders exercised their options. Kearney had no holding of BCE shares. Required: For Kearney Corporation, record the journal entries related to these call options. Beldons maldone Kearney Corporation sold call options on 20,000 shares of BCE Inc, on October 21, "2012. These options give the holder the right to buy BCE shares at $33 per share until May 17, 2013. For issuing these options, Kearney received $30,000. On December 31, 2012 (Kearney's fiscal year-end), the options traded on the Montreal Exchange for $3.50 per option. On May 17, 2013, BCE's share price increased to $37 and the option holders exercised their options. Kearney had no holding of BCE shares. Required: For Kearney Corporation, record the journal entries related to these call options