Bo Company started a share appreciation plan on Jan 1, 2022, when it granted 204,000 rights to its executives. The vesting period is 2 years. The plan expires on Jan, 2024. The fair vale of Bo's SARs for the years ended Dec. 31, 2022 and 2023, are as follows:

Dec 13, 2022 Fair value $17 Dec 31 2023 $10

Employees exercise all SARs on Jan 1, 2024, when their fair value is $10.

Requirements: 1.Prepare the journal entry to record the compensation expense for year 2022 2. Prepare the journal entry to record the compensation expense for the year 2023. 3. Prepare the journal entry when the executives exercise the SARs and the company pays the obligation. 4. Prepare all journal entries to record the SAR plan assuming that the rights are settled with the company's $2 par value common stock. On the date of exercise, the market price per share is $10. 5. Prepare the journal entry to record the compensation expense for hte year 2023. 6. Prepare the journal entry when the executives exercise the SARs and the compay pays the obligation.