Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 65,000 $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 208,000 52,000 52,000 208,000 Cash Paid-in capital-stock options Compensation expense Common stock Paid-in capital-excess of par 208,000 52,000 104,000 52,000 312,000 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 312,000 52,000 52,000 312,000 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par 1208,000 52,000 65,000 195,000