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 304,800 50,800 50,800 304,800 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 203,200 50,800 63,500 190,500 Cookie Company had 26 million shares of common stock outstanding all through 2020. On April 1, 2021, an additional 106.000 shares were sold and issued. On September 30, 2021, Cookie declared a 2-for-1 stock split. Net income in 2021 and 2020 was $16 million and $110 million, respectively. In the 2021 comparative financial statements, EPS (rounded) would be reported as follows: Help Save & Ex Su a b. 2021 EPS $2.99 $2.99 $5.98 $5.98 2020 EPS $2.12 $4.24 $2.12 $4.24 d. Multiple Choice Option A Option D