Problem 24-21 (AICPA Adapted) On January 1, 2020, Kline Company granted Morgan, the president, compensatory share options to buy 10,000 ordinary shares of P10 par value. The options call for a price of P20 per share and are exercisable in 3 years following the grant date. Morgan exercised the options on December 31, 2020. The market price of the share was P60 on January 1, 2020, and P70 on December 31, 2020. The fair value of the share option is P30 on the date of grant. By what net amount should shareholders' equity increase as a result of the grant and exercise of the options? a. 200,000 b. 300,000 c. 500,000 d. 700,000