On January 1,2020 Benny Compmau granted 40,000 stock options to offciers permitting the holder to purchase one share of the company's $10 par common stock within the next 5 years, but not before december 21,2022. The $29 exercise price is equal to tbe market price at the date kf the grany. An oprion pricing model determined the fair value of eahc option is $6. Prepare the journal entry to record the exercise of 20% of the ootikns on June 30,2023