On March 1, 2015, when the market price of Wilson's stock was $14 per share, 3 million of the options were exercised. The journal entry to record this would include:
A. A debit to paid-in capital - stock options for $42 million.
B. A credit to paid-in capital - excess of par for $255 million.
C. A credit to common stock for $75 million.
D. All of these are correct.