Capulet Company establishes a stock appreciation rights program that entitles its president Mary Davis to receive cash for the appreciation of the companys stock over a hypothetical exercise price. Mary receives 30,000 SAR shares with a hypothetical exercise price of $30 on January 1, 2020. She is required to work for 4 years (2020,2021,2022, 2023) before she can exercise the SARs. As of January 1, 2024 there will be a six year exercise period before the SARs expire. The total Fair Value of the individual SARS was estimated to be the following on the dates shown below:

Total Fair Values per SAR

December 31, 2020 $34 per SAR December 31, 2021 $35 per SAR December 31, 2022 $38 per SAR December 31, 2023 $40 per SAR July 15, 2024 $42 per SAR (Also the Stock Price on that Day)

On July 15, 2024 Mary exercised all of her SARs.

1. Prepare an SAR compensation Expense Table from 2020 all the way through the July 15, 2024 exercise date.

2. Prepare all Journal Entries needed for 2020 through 2024.