2. On January 1, 2018, Meerab Ltd. granted 5,000 options to executives. Each option entitles the holder to purchase one share of Meerab's 5 par value ordinary shares at 50 per share at any time during the next 5 years. The market price of the shares is $65 per share on the date of grant. The fair value of the options at the grant date is 150,000. The period of benefit is 1 years. (3 Marks) Required: 1. Prepare Meerab's necessary joumal entries for January 1, 2018, and December 31, 2018. 2. On February 10,2019,2000 options were exercised by executives. Record the journal entry