Aylmer is a publicly-traded company, it follows IFRS.

(Stock Options) On January 1, 2019, the shareholders of Aylmer approved a plan that grants options to the companys executives to purchase 10,000 of the companys common shares each. The options are granted on January 1, 2020 and may be exercised at any time after December 31, 2022. The exercise price per share is $32. Based on an options pricing model, the total compensation expense will be $150,000. At December 31, 2020, the market price is $26 per share.

please prepare required journal entries.