On January 1, 2015, Pluto Inc. grants the company's top executives options to purchase 2,000 shares of the company's $10 par value ordinary shares. The expected period of benefit is four years, starting with the grant date. The executives may exercise the options at any time from January 1, 2020 to January 1, 2025. The option price per share is $500, and the market price of the shares at the date of grant is $600 per share. Under the fair value method, the company computes total compensation expense by applying the Black-Scholes option-pricing model. Related to the options, the company records compensation expense of $10,000,000 each year during the service period. If Pluto's executives exercise 60 percent of the options on January 1, 2025, and fail to exercise the remaining share options before their expiration date.

The journal entry recorded on January 1, 2025 will include Share Premium - Ordinary with an amount of