Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2018. options were granted for 60,000 $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, 2021, and expire December 31, 2022. Each option has a fair value of $1 based on an option pricing model. What is the total compensation cost for this plan? 1 Multiple Choice 0 $60.000 o o O $240.000 o o $300,000 $300.000 On October 1, 2018, Chief Corporation declared and issued a 7% stock dividend. Before this date, Chief had 83.000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will Multiple Choice 0 Decrease by $59.600. 0 Increase by $58,100. 0 Not change. 0 Decrease by $58,100 As of December 31, 2018, Warner Corporation reported the following: Dividends payable Treasury stock Paid-in capital-share repurchase other paid-in capital accounts Retained earnings $ 38,000 780,099 38,888 5,800,000 4,800,000 During 2019. half of the treasury stock was resold for $276.000.net Income was $780,000 cash dividends declared were $1,680.000, and stock dividends declared were $680.000. The 2019 sale of half of the treasury stock would: Multiple Choice Reduce retained earnings by 5114.000 increase total shareholders equity by 5390.000 Reduce retained esmings by 578.000 Reducencome before taco, 54.000