24. On January 1, 2021, Payne Co. granted its CFO an option to purchase 20.000 shares of its $10 par common stock at a price of $20 per share. Payne Co. has determined that total compensation expense for these options is $100,000. The option will become exercisable on December 31, 2022 after a 2-year service period. Record all journal entries relevant to these options for the below dates, if no entry is needed, write "no entry": 1.) 1/1/2021 : 2.) 12/31/2021 : 3.) 12/31/2022