10 employees were each granted 100 stock options on Jan 1 Year 1. The par value of the stock was $1 per share. The exercise price of the option was $20 per share. The value of the option package was $100, 000. The employees must work 4 years to be vested. All employees remained on the job in year 1. Record the journal entry on Dec 31 to recognize compensation expense. In year 2, three employees quit. Record the journal entry on Dec 31 to recognize compensation expense. In year 3, one of the employees who quit in year 2 was reinstated and was treated as if he had never left. Record the entry to recognize compensation expense for the year. In year 4, one employee quit. Record the entry to recognize compensation expense for the year. 6 employees exercise their options and 1 did not. Record the appropriate entries