Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 63,500 $1 par common shares. The exercise price equals the $4 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 80% the options on April 15, 2024, when the market price of the stock was $7? Multiple Choice Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 203,200 50,800 63,500 190,500 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 203,200 50,800 50,800 203,200 Cash Paid-in capital-stock options Compensation expense Common stock Paid-in capital-excess of par 203,200 50,800 101,600 50,800 304,800 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 304,800 50,800 50,800 304,800