Mordor Co. issued stock warrants as compensation expense that were later exercised. Each warrant allows the holder to purchase one share of common stock at a specific price. Mordor Co. reports the following information:

Item	Amount
Number of warrants issued	6,000
Fair value of each warrant at time of issuance	$6
Warrant exercise (strike) price	$15
Par value of common stock	$4
Market value of a common share when warrants are exercised	$24

When the warrants are exercised, how much should Mordor Co. credit to Paid-in Capital in Excess of Par Common Stock?

$66,000

$102,000

$126,000

$12,000