Under its executive stock option plan, National Corporation granted $24$ million options on January $1,2024,$ that permit executives to purchase $24$ million of the company$$s $$1$ par common shares within the next six years, but not before December $31,2026($the vesting date$).$ The exercise price is the market price of the shares on the date of grant, $$28$ per share. The fair value of the options, estimated by an appropriate option pricing model, is $$5$ per option. Suppose that the options are exercised on April $3,2027,$ when the market price is $$32$ per share.

Ignoring taxes, what journal entry will National record?