On June 1, 2018, DCI purchased a call option for $450, which gave  it the right to buy 10,000 shares of iLines, Inc., for $54 each until December 1, 2018 .  On that date, iLines\' shares were being traded for $52. On June 30, 2018, the option contract could be traded in the market at $96,000.  On December 1, 2018, with the shares being traded at $70 each, DCI exercised the option and took delivery of the shares of iLines.\r\n
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You are required to record all necessary entry/entries related to this option on:\r\n

a] June 1, 2018 when DCI acquired the call option.\r\n

b] June 30, 2018, when DCI closed its books of accounts.\r\n

c] December 1, 2018 assuming DCI exercises the call option and takes delivery of the shares of iLynes.\r\n

d] December 1, 2018, assuming DCI settles the call option for cash without taking delivery of the iLynes shares\r\n