A)
APIC—stock options
36,000
APIC—Expired Stock options
36,000
B)
APIC—stock options
36,000
Retained Earnings
36,000
C)
APIC—stock options
36,000
Compensation expense
36,000
D)
Stock options receivable
60,000
Common stock
12,000
APIC
48,000
Answer: A
Explanation: A) 80,000 × 15% = 12,000 × $3 = $36,000