On July 1,2021 , Concord Corporation issued for $9450000 a total of 90000 shares of $100 par value, 8% noncumulative preferred stock along with one detachable warrant for each share issued. Each warrant contains a right to purchase one share of Concord $10 par value common stock for $15 per share. The stock without the warrants would normally sell for $9437400. The market price of the rights on July 1, 2021, was $2.14 per right. On October 31,2021 , when the market price of the common stock was $20 per share and the market value of the rights was $2.30 per right, 36000 rights were exercised. As a result of the exercise of the 36000 rights and the issuance of the related common stock, what journal entry would Concord make? On June 30, 2021, Sheffield Corp. granted compensatory stock options for 24000 shares of its $24 par value common stock to certain of its key employees. The market price of the common stock on that date was $30 per share and the option $27. Using a fair value option pricing model, total compensation expense is determined to be $100000. The options are exercisable beginning January 1, 2023, providing those key employees are still in the employ of the company at the time the options are exercised. The options expire on June 30, 2024. On January 4, 2023, when the market price of the stock was $35 per share, all options for the 24000 shares were exercised. The service period is for two years beginning January 1, 2021. Using the fair value method, what should be the amount of compensation expense recorded by Sheffield Corp. for these options on December 31, 2021? $100000$50000$0$23438