Schmidt Electronics offered an incentive stock plan to its employees. On January 1, Year 1, 80 comma 000 options were granted for 80 comma 000 $1 par common shares. The exercise price equals the $ 8 market price of the common stock on the grant date. The vesting period is 3 years. The options cannot be exercised before January 1, Year 4, and expire on December 31, Year 5. Each option has a value of $ 3 based upon an option pricing model. What is the journal entry to record the exercise of 85% of the options during Year 4 when the market price of the stock was $10. Question content area bottom Part 1 A. Cash 80 comma 000 APIClong dashStock Options 68 comma 000 Common Stock 80 comma 000 APIC in Excess of Par minus Common 68 comma 000 B. Cash 204 comma 000 APIClong dashStock Options 68 comma 000 Common Stock 68 comma 000 APIC in Excess of Par minus Common 204 comma 000 C. Cash 544 comma 000 APIC minus Stock Options 204 comma 000 Common Stock 68 comma 000 APIC in Excess of Par minus Common 680 comma 000 D. Cash 544 comma 000 APIClong