On January 1, 2011, Ritter Company granted share options to officers and key employees for the purchase of 10,000 ordinary shares of the company's $1 par at $20 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, 2014 by grantees still employed by Ritter. The Black-Scholes option pricing model determines total compensation expense to be $90,000. The market price of ordinary shares was $26 per share at the date of grant. The journal entry to record the compensation expense related to these options for 2011 would include a credit to the Share PremiumShare Options account for

Question 11 options:

	$30,000.
	$20,000.
	$18,000.
	$0.