t Remediation Ld issued options in 20X5 ellowing the holder to ecquire 90,000 c common shares in 5 yeers' time et an acquisition price of $20 per shere. Using an option pricing model the aptions are velued at $216,000. Requirad Provide the jourmel entry to record the trensaction. (Of no entry is required for The options were issued for consulting and promotion work done, tasiks that are not cesily velued a transactionvevent, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry for issue of shares towards Consulting/promotion expense. Note: Enter debits before credits 216,000 Contributed capital stock rights 216 2. Assume that the options were exercised when the market price of common shares is $44.Provide the entry for exercise. (f no entry Is required for a transactio journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the entry for exercising the options Note: Enter debits before eredits 2.160,000 Contributed capital: stock rights outstanding 216,000 Common shares 2.376.000 Record entry Clear entry View general journal 3. Assume that the options were allowed to lapse when the price of common shares is $17 Provide the entry for the lapse. (If no entry is requlred for a transac ournal entry required" In the first account fiold.) View transaction list Journal entry worksheet Record the entry for lapse of options issued. Note: Enter debits before credits. Contributed capital: stock rights 216,000 Contributed capital: lapse of rights 216,000 Record entry Clear entry View general journal 0 3