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On January 2, 2016, Noah Corp. (a calendar year company grants 10,000 stock options with a 3 yearvesting period to employees. On the grant date,

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On January 2, 2016, Noah Corp. (a calendar year company grants 10,000 stock options with a 3 yearvesting period to employees. On the grant date, the market price of the 51 par value stock is equal to the exercise price of $20 per share. The estimated value of the options is 56 per option. During 2019. 5.000 stock options were exercised. In 2020, the remaining stock options expire. When the options expire, Noah should debit 1. PIC Expired Stock options for $6,000 2. Compensation Expense for $6,000 3. Retained Earnings for 56,000 4. Common stock for $1,000, PIC in excess of par for 55,000 5.PIC Stock options for $6,000

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