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Owl Co. CEO exercises 1,000 of 10,000 stock options granted 3 years ago (with a $30 exercise price when the stock price was $25) for

Owl Co. CEO exercises 1,000 of 10,000 stock options granted 3 years ago (with a $30 exercise price when the stock price was $25) for 1,000 common shares with a $2 par value and a current stock price of $35. These options were valued at grant date at $200,000 using Black-Scholes option pricing model not counting estimated and actual forfeitures of 10%.In Owl's entry when its CEO exercises 1,000 options, what amount will OwlcredittoAPIC-Common Stock?

Group of answer choices

46,000

28,000

18,000

30,000

48,000

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