Question $14$ of $20$

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On January $1,2025,$ Oriole Company granted stock options to officers and key employees for the purchase of $19200$ shares of the company's $$1$ par value common stock at $$22$ per share as additional compensation for services to be rendered over the next three years. The options are exercisable during a five year period beginning January $1,2028$ by grantees still employed by Oriole. The BlackScholes option$-$pricing model determined total compensation expense to be $$182700.$ The market price of common stock was $$28$ per share at the date of grant.

The journal entry to record the compensation expense related to these options for $2025$ would include a credit to the Paid$-$in CapitalStock Options account for

$$36540.$

$$60900.$

$$42240.$

$$0.$