ACCT 217 - Intermediate Financial Accounting 3 Assignment #3 LO 4 - Chapter 16 Name: 1. 7 marks Vesting period for the stock options (in years) 3 Total number of options issued 30,618 Option price per share $ 8 2028 Number of stock options exercised 21,433 Market price per share on March 15, 2028 13$ $ 201,545 Required: December 31, 2023 (2 marks) March 15, 2028 (3 marks) Date of expiry of unexercised stock options (1 mark) January 1, 2023 (0.5 marks) December 31, 2025 (0.5 marks) New Age Energy Corporation manufactures and sells solar panels for a wide variety of residential consumers. On January 1, 2023, New Age introduced a stock compensation plan for its senior officers. On this date, the corporation issued options to all senior officers for the purchase of common shares. The following information about the stock compensation plan is available: New Age determines, using an option-pricing model, that the fair value of the options on January 1, 2023 is: Prepare journal entries for New Age Energy Corporation to account for the stock option plan on each of the following dates: New Age follows ASPE and elects not to include an estimate of forfeitures upon initial