1.) Stock options

1. On January 2, 20x1, Oak Corporation granted 50,000 stock options to employees to purchase the company's $1-par common stock. The options will become exercisable on December 31,203, provided the employee is still working for Oak at that time. The options have an exercise price of $25, and they expire on December 31,205. Oak's tax rate is 20%. Additional information: a. Complete the following table, based on the information above, assuming that the journal entries for that year have been recorded: b. What is the number of options that vested? c. On February 15,20x4, when the stock price was $30, employees exercised 35,000 options. Prepare the journal entry to record the exercise of the options and the related entry to the deferred tax account