LV Inc, granted options to each of its five executives on 1/1/20, to purchase 6,000 shares at $50 per share, par value of $10 per share. The fair value of the options is estimated at $3,000,000. The options are non-transferable and the executive had to remain an employee of the company to exercise the option. The options expire on 1/1/24. It is assumed that the options are for services performed equally in 2020 and 2021. Three of the employees exercise their options to buy shares on 4/1/22 when the market price of the shares is S120 per share. Please make the journal entry, if any, to record the option exercise, Account Title Amount (S) Debit Cash Debit Credit Common Stock Credit