On 1 July 2021, Silver Ltd purchased 10 000 exchange traded call options in GoodPay Ltd at a premium of $3 per option. The options had an exercise price of $20 and expired on 30^th April 2022. The share price of GoodPay Ltd was $18 on 30^th April 2022 and options had nil fair value to the holders on that date.

List the journal entries that Silver Ltd likely needs to record on 30^th April 2022 in relation to the call options.

Group of answer choices

a	Dr ($)	Cr ($)
Loss on call option	20 000
Call option asset		20 000

b	Dr ($)	Cr ($)
Loss on call option	30 000
Call option asset		30 000
Cash	20 000
Share capital		20 000

c	Dr ($)	Cr ($)
Call option liability	30 000
Gain on call option		30 000

d	Dr ($)	Cr ($)
Loss on call option	30 000
Call option asset		30 000