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  3. on january 1,2021 , mcollum corporation granted 20

On January 1,2021 , MCollum Corporation granted 20 million incentive stock options to division managers,...

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On January 1,2021 , MCollum Corporation granted 20 million incentive stock options to division managers, each permitting holders to purchase one share of the company's $1 par common shares within the next 5 years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, $8 per share. The fair value of the options is $5 per option. 25% of the grants were forfeited before the end of the year 2021 , no other forfeitures are expected. What is a part of journal entry related to this transaction for year 2021? a. Paid-in capital-Stock options is credited by $35 million. b. Paid-in capital-Expired stock options is credited by $35 million. c. Compensation expense is credited by $35 million. d. Compensation expense is debited by $75 million. e. Paid-in capital-Stock options is credited by $25 million

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