Question 35 (1 point) Hendricks Inc. granted their executives incentive stock options on January 1, 2023. On this date, 275,000 shares of the company's $5 par value common stock were granted at an option price of $40 per share. On the grant date, the market price of the stock was $50 per share. Market prices of the stock were as follows: December 31, 2024 $70 per share December 31, 2025 $82 per share The Black-Scholes option pricing model determines total compensation expense to be $1,500,000. The service period for the options is 2 years. The options were exercisable beginning on January 1, 2025 for employees still working at Hendricks. The options expire on December 31, 2029. On June 1, 2025, 110,000 options were exercised and the market price on this date was $75. What amount should be debited to Paid-in Capital - Stock Options? a) $600,000 b) $750,000 c) $0.0 d) $375,000