all requirements

Martinez Alsdio Visual incorporated offers an incentive stock opton plan to its rogional managers, On January 1,2024 , options were granted for 8 millon $ 1 par common stiares. - The exercise price is the market price on the grant date- $6 per share. - Options cannot be exercised peior to January 1, 2026, and expire December 31, 2030. - The falr value of the 8 milion options, estimated by an appropriate option pricing model, is 51 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stock option plan. 2. to 5. Prepare the approbriate journal entries to record compensation expense on December 31, 2024 and 2025. Prepare the appropriate journal entry to record the excrcist of 75% of the options on March 12, 2026, when the marker price is 57 per share and the entry on December 31,2030 , when the remaining options that have vested expire without being exercised. Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the incentive stock option plart. Note: Enter your answer in millions (1.e, 10,000,000 should be entered as 10). Martinez Audio Visual Incorporated offers an incentive stock option plan to its regional managers. On January 1,2024, options were granted for 8 milion $1 par common shares. - The esercise price is the market price on the grant date $6 per share - Options cennot be exercised prior to January 1, 2026, and expire December 31,2030. - The fair value of the 8 mililion options, estimated by an oppropriate option pricing model, is \$1 per option. Required: 1. Determine the total compensation cost pertaining to the incentive stck option plan. 2. to 5. Prepare the appropriate journat entries to record compensation expense on December 31,2024 and 2025. Prepate the appropriate joumal entry to record the exercise of 75% of the options on March 12, 2026, when the market price is $7 per share and the entry on December 31, 2030, when the remaining optons that have vested explre without being exercised. Complete this question by entering your answers in the tabs below. Prepare the appropnate journai entries to record compensation expense on Decernber 31,2024 and 2025. Prepare the approprate joumal entry so record the exercise of 75% of the options on March 12, 2026, when the market pnce is $7 per ahare and the entry on December 33, 2030, when the remaining options that have vested expire without being exercised. Notes If no entry is requirnd for a transoctionvevent; select "No joumal entev required" in the firat account held. Enter your waswers in minons (1.e., 10,000,000 should be entered as 10)