Question: On January 1 , 2 0 2 0 Doyle Black T - Shirt Corp. granted stock options to its officers for the purchase of 1

On January 1,2020 Doyle Black T-Shirt Corp. granted stock options to its officers for the purchase of 10,000 shares of the company's $1 par common stock at an exercise price of $40 per share. The options were exercisable within a 5-year period beginning January 1,2022, by grantees still in the employ of the company. The options expire on December 31,2026. The service period for the award is two years (beginning 1/1/20). The fair value of these options (compensation expense) is calculated to be $450,000.
On February 1,2021,1,000 options were terminated when employees resigned from the company. The market price on this date was $48 per share.
On March 5,2022,3,000 options were exercised when the market price of the common stock was $53 per share.
When the stock options are exercised (3/5/22), what amount (if any) will be credited to 'Additional Paid-in Capital - Common Stock'?

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