Concord Inc. has an executive stock option plan, details of which follow: The plan entitles the President to purchase 51,300 common shares at $52.20 after a two-year vesting period that begins on the grant date of January 1, 2020. The President can exercise the stock options any time between January 1, 2022 and December 31, 2026. The President exercises 40,800 of the stock options on June 30, 2022. The rest of the options are allowed to lapse. The shares' market prices per share are as follows: January 1, 2020 December 31, 2020 December 31, 2021 June 30, 2022 $52.20 $56.80 $58.90 $62.70 Concord uses an option-pricing model to value the stock options. When granted, the options are estimated to have a fair value of $9.10 each. This estimate remains unchanged during the vesting period. Assuming that Concord has a December 31 year end, prepare the required journal entries as at the following dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) January 1, 2020 (grant date) (b) December 31, 2020 (c) June 30, 2022 (exercise date) (d) January 1, 2027 (lapse date) Date Account Titles and Explanation Debit Credit No. (a) () June JU, 2022 CACILISE uale (d) January 1, 2027 (lapse date) No. Date Account Titles and Explanation (a) Debit Credit (b) (c) Jun. 30, 2022 (P) Concord Inc. has t ived tion and of which follow: ate of January 1, 2020 The planetes the President to purchase 51.300 common shares a $52.20 ter a two-yearvesting period that begins on the r The President and the stock options any time between January 1, 2022 and December 31, 2020 ons on June, 2002. The rest of the otions are and soape The shares market prices per share are as follow 1. 2020 33220 December 31, 2001 58.90 June 30, 2022 Concordes an option pricing model to ming that concesa December leden maaily. If norisi the shock option when the options are to have a wand prewer red journali st the following dates. Crea , seco Entry for the accounts and enter for them ) 10 hThis m e ans unchanged during the weig period es are automatically indented when the amounts were em Dec o rantate une 30, 2003 werden No Date Account and plantion Duit Credit IL JUIC JV, V SACIUDE VOLG) (d) January 1, 2027 (lapse date) No. Date Account Titles and Explanation Debit Credit (b) (c) Jun 30, 2022 (d) Concord Inc. has an executive stock option plan, details of which follow: The plan entitles the President to purchase 51,300 common shares at $52.20 after a two-year vesting period that begins on the grant date of January 1, 2020. The President can exercise the stock options any time between January 1, 2022 and December 31, 2026. The President exercises 40,800 of the stock options on June 30, 2022. The rest of the options are allowed to lapse. The shares' market prices per share are as follows: January 1, 2020 December 31, 2020 December 31, 2021 June 30, 2022 $52.20 $56.80 $58.90 $62.70 Concord uses an option-pricing model to value the stock options. When granted, the options are estimated to have a fair value of $9.10 each. This estimate remains unchanged during the vesting period. Assuming that Concord has a December 31 year end, prepare the required journal entries as at the following dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (a) January 1, 2020 (grant date) (b) December 31, 2020 (c) June 30, 2022 (exercise date) (d) January 1, 2027 (lapse date) Date Account Titles and Explanation Debit Credit No. (a) () June JU, 2022 CACILISE uale (d) January 1, 2027 (lapse date) No. Date Account Titles and Explanation (a) Debit Credit (b) (c) Jun. 30, 2022 (P) Concord Inc. has t ived tion and of which follow: ate of January 1, 2020 The planetes the President to purchase 51.300 common shares a $52.20 ter a two-yearvesting period that begins on the r The President and the stock options any time between January 1, 2022 and December 31, 2020 ons on June, 2002. The rest of the otions are and soape The shares market prices per share are as follow 1. 2020 33220 December 31, 2001 58.90 June 30, 2022 Concordes an option pricing model to ming that concesa December leden maaily. If norisi the shock option when the options are to have a wand prewer red journali st the following dates. Crea , seco Entry for the accounts and enter for them ) 10 hThis m e ans unchanged during the weig period es are automatically indented when the amounts were em Dec o rantate une 30, 2003 werden No Date Account and plantion Duit Credit IL JUIC JV, V SACIUDE VOLG) (d) January 1, 2027 (lapse date) No. Date Account Titles and Explanation Debit Credit (b) (c) Jun 30, 2022 (d)