On January 1, 2025, Blossom Company granted stock options to officers and key employees for the purchase of 18000 shares of the company's $1 par value common stock at $18 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, 2028 by grantees still employed by Blossom. The Black-Scholes option-pricing model determined total compensation expense to be $180300. The market price of common stock was $24 per share at the date of grant. The journal entry to record the compensation expense related to these options for 2025 would include a credit to the Paid-in Capital -Stock Options account for O $32400. O $36060. O $60100. O $0.

On January 1, 2025, Blossom Company granted stock options to officers and key employees for the purchase of 18000 shares of the company's $1 par value common stock at $18 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, 2028 by grantees still employed by Blossom. The Black-Scholes option-pricing model determined total compensation expense to be $180300. The market price of common stock was $24 per share at the date of grant. The journal entry to record the compensation expense related to these options for 2025 would include a credit to the Paid-in Capital -Stock Options account for $32400. $36060. $60100. $0