Save & tin Co.offered an incentive stock option plan to its employees. On January 1, 2018, options were granted for 60,000 $1 par common shares. The exerche price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2021, and expire December 1 2022. Each option has a fair value of $1 based on an option pricing model Which is the correct entry to record the exercise of 90% the options on April 15, 2021, when the matket price of the stock was $8? Multiple Choice ( cash Paid in capital-stock options Comon stock Paid-in capital-excess of par 270,000 54,000 54,000 270,000 378,000 54,000 Paid in capital-stock options Conon stock Paid-in capital-excess of par 54,000 378,000 278,000 Saved Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 270,000 54,000 54,000 270,000 Cash Paid-in capital-stock options Common stock Paid-in capital excess of par 378,000 54,800 54,000 378,000 Cash Paid-in capital-stock options Common stock Paid in capital-excess of par 270,000 54,000 60,000 264,000 Cash Paid-in capital-stock options Compensation expense Common stock Paid in capital-excess of par 270,000 54,000 108,000 54,000 378, 09