Under its executive stock option plan, National Corporation granted $20$ million options on January $1,2021,$ that permit executives to purchase $20$ million of the company's $$1$ par common shares within the next six years, but not before December $31,2023($the vesting date$).$ The exercise price is the market price of the shares on the date of grant, $$23$ per share. The fair value of the options, estimated by an appropriate option pricing model, is $$5$ per option. Suppose that the options are exercisec on April $3,2024,$ when the market price is $$25$ per share. Ignoring taxes, record journal entry for options exercised on April $3,2024,$ when the market price is $$25$ per share.