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Use the information below to answer the following two items: ABC Co. granted 1,000 stock options to its CEO on January 1, 2020. Each option

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Use the information below to answer the following two items: ABC Co. granted 1,000 stock options to its CEO on January 1, 2020. Each option allows the CEO to buy one share of the company's stock at $70 per share (par value is $10 per share). On the grant date, the fair value of the stock options (i.e., the total compensation cost) was $15,000. The service period was 3 years and the options could be exercised within 10 years from the grant date. 2.5 pts Question 21 What is the entry to record the compensation expense at the end of 2021 (the second year of the service period)? O None of these. Debit Compensation Expense $5,000. Credit Paid-in Capital - Stock Options $5,000. O Debit Compensation Expense $10,000, Credit Paid-in Capital - Stock Options $10,000. O Debit Compensation Expense $5,000, Credit Common Stock $5,000 2.5 p Question 22 What is the entry to record the expiration of the stock options on January 1, 2030? i laid in anita. Stork Ontions $15,000 Credit Compensation Expense $15.000 What is the entry to record the compensation expense at the end of 2021 (the second year of the service period)? None of these. Debit Compensation Expense $5,000, Credit Paid-in Capital - Stock Options $5,000. Debit Compensation Expense $10,000, Credit Paid-in Capital - Stock Options $10,000. O Debit Compensation Expense $5,000, Credit Common Stock $5,000 Question 22 2.5 What is the entry to record the expiration of the stock options on January 1, 2030? O Debit Paid-in Capita - Stock Options $15,000, Credit Compensation Expense $15.000. O Debit Common Stock $15,000. Credit Compensation Expense $15,000 O Debit Common Stock $15,000, Credit Paid-in Capital - Expired Stock Options $15.000 O Debit Paid-in Capital - Stock Options $15,000 credit Paid-in Capital - Expired Stock Options $15,000

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