Accounting 301 Quiz - Dilutive Securities and EPS 5 points Name 1. Futuristic Products Company established a stock appreciation rights (SARs) program which entitles its new president Jill Castleberry to receive cash for the difference between the market price of the stock and a preestablished price of $30 a share on 20,000 shares. The date of grant is December 31, 2024 and requires the president remain in her position during 2025, 2026 and 2027. As of January 1, 2028, the SARs are exercisable for 5 years before they lapse. Jill exercises the SARs on January 2, 2030. The company has adopted the fair value method of expensing its SARs to employees and it has run the Black-Scholes pricing model for them. The company controller has also updated the pricing model through the date that the SARs were exercised. The \"total\" fair value (i.e., the preestablished price has not been deducted yet) for all SARs per the original run of the model (and the updated runs) are shown below. Date Estimated Total Fair Value of SARs /per share 12/31/2024 $30 12/31/2025 36 12/31/2026 39 12/31/2027 45 12/31/2028 36 21/31/2029 48 1/2/2030 48 A. Prepare a Schedule of Compensation Expense pertaining to the SARs for the period 2025 2030. B. Prepare the journal entry for compensation expense in 2024, 2028, and 2029