At the end of 2021, your company has stock options outstanding for the purchase of 2,000 shares of common stock at an option price of $30 per share. The options cannot be exercised until after 1/1/23.

Your company has 50,000 shares of $6.50 par value common stock authorized. The companys common stock was selling for $37 per share throughout the entire last quarter of 2021.

Prepare end of year adjusting entries, corrections, and any other necessary entries necessary to prepare accurate financial statements for 2021.