Question 7 Which of the following statements correctly describes this journal entry: Dr Cash at bank Cr Share capital 30 000 000 30 000 000 3 500 000 Dr Share options (1 000 000 options) Cr Share capital 3 500 000 The issue of options, costing $3.50 each. The issue of options, costing $30 each. The exercise of options, with a current market value per share of $3.50. The exercise of options, initially costing $3 500 000 to issue and with an exercise price for each option of $30