On July $5,2023,$ Bramble Corp. purchased a call option for $$2490,$ giving it the right to buy $2090$ shares of Flint Corp. for $$21$ per share. On August $18,2023,$ when the option value is $$11700,$ Flint settles the option for cash. The entry on Bramble$$s books to record the settlement is

Select answer from the options below

Cash $11700$

Gain or Loss on Derivatives $11700$

Cash $11700$

Derivatives$$Financial Assets$/$Liabilities $2490$

Gain or Loss on Derivatives $9210$

Derivatives$$Financial Assets$/$Liabilities $2490$

Cash $9210$

Gain or Loss on Derivatives $11700$

Cash or Loss on Derivatives $11700$

Derivatives$$Financial Assets$/$Liabilities $11700$