Sunrise Company uses stock options as a major compensation incentive for its top executives. On January $1,2024,$ one million options were granted. Each option gives the holder the right to acquire one $$1$ par common share. Assume the following:

The exercise price is the market price on the grant date$-$ $$15$ per common share.

Options vest on January $1,2028.$ They cannot be exercised before that date, and the options expire on December $31,2030.$

The fair value of each option, estimated by an appropriate option pricing model, is $$8$ per option.

Assume all compensation expense from the stock options is properly recorded. If $200,000$ of the options expire on $12/31/2030$ without being exercised, the journal entry to record the expiration of these options $($ignoring income tax effects$)$ would includ$$d$$:

A$.$ A credit to Paid$-$in$-$Capital$-$Common Stock for $$2\mathrm{.}8$ million.

B$.$ A debit to Common Stock for $$200,000.$

C$.$ A debit to Paid$-$in$-$Capital$-$Stock Options for $$1\mathrm{.}6$ million.

D$.$ A debit to Paid$-$in$-$Capital$-$Expired Stock Options for $$1\mathrm{.}6$ million.

E$.$ None of these answer choices are correct.