TB MC Qu. 19-38 (Algo) Wall Drugs offered an incentive stock option... Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 64,500 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. 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, 2024, when the market price of the stock was $8? Multiple Choice Cash Paid-in capital-stock options Compensation expense Common stock Paid-in capital-excess of par 290, 250 58,050 116, 100 58,050 406,350