Multiple Choice Question 67 On January 1, 2018, Coronado Industries granted stock options to officers and key employees for the purchase of 21600 shares of the company's $1 par common stock at $22 per share as additional compensation for services to be rendered over the next three years. The options are exercisable during a five-year period beginning January 1, 2021 by grantees still employed by Coronado. The Black Scholes option pricing model determines total compensation expense to be $191700. The market price of common stock was $28 per share at the date of grant. The journal entry to record the compensation expense related to these options for 2018 would include a credit to the Paid in Capital-Stock Options account for