Walt Co. offers a stock option plan to its managers. On January 1, 2021. options were granted for 400,000 $1 par common shares. The exercise price is $10 per share, the market price on the grant date. Options cannot be exercised prior to January 1, 2023 and expire December 31, 2027. The fair value of the 400.000 options when granted is $3 per option On March 12, 2023, 300,000 options were exercised when the market price is $15 per share. On December 31, 2027, the remaining 100,000 options expire without being exercised Identify the following statements that are TRUE regarding Walt's accounting for the options The journal entry on March 12, 2023 would include a credit to Paid-in Capital - Excess of Par for $4,200,000 The journal entry on December 31, 2027 would include a debit to Paid-in Capital - Stock Options for $300,000 and a credit to Paid-in Capital - Expiration of Stock Options for $300,000 The journal entry on December 31, 2021 would include a debit to Compensation Expense for $600,000 and a credit to Paid-in Capital - Stock Options for $600,000