A company granted share options to its 400 employees on 1 January 2010. Each employee will receive 600 share options if they remain in employment until 31 December 2012. At the grant date the share options were estimated to have a fair value of \(£ 2.50\) each.

During the year to 31 December 2010, 20 employees left the company and it is estimated that another 40 will leave by 31 December 2012.

During 2011, 25 employees left and the company estimated that 25 would leave in 2012.

During 2012, 18 staff left.

All staff eligible exercised their options on 1 January 2013. The options permitted employees to buy \(£ 1\) ordinary shares in the company for \(£ 2.40\) each.

\section*{Required}

1.1) Calculate the amounts that will appear in the statement of comprehensive income and the statement of financial position for the years to 31 December 2010, 2011 and 2012.

(b) Prepare journal entries to record the exercise of the options on 1 January 2013.