On January 1, 2020, Quiz Company awarded 1 million stock options to key employees. Each option allows the holder to purchase one share of Quiz Company's no-par common stock for $5 per share, the fair value on the grant date, before December 31, 2024 but not until after December 31, 2021. The fair value of the options on the grant date was $2 per option. Quiz Company did not expect any forfeitures of the options as of the grant date. During 2021,5% of the options were forfeited. On January 10, 2022, when the fair value of the common stock was $8 per share, employees exercised 80% of the options. On December 31, 2024, the remaining options expired. The entry to record the exercise of the options on January 10, 2022 would include