Current Attempt in Progress On January 1, 2021. Pronghorn Property Management Inc, introduced a stock-based compensation plan for its senior executives. The company has a December 31,2021 year-end and the following events occurred - January 1,2021 - The company issued 321,000 options to senior management executives for the purchase of shares at $11 / share. The fair value of the options using an options pricing model is $2,247,000. Options vest over a three-year period and it is estimated that 900 of the options will vest. At the end of 2024 , any unexercised options will expire. - December 31,2021 - Management now estimates that 85% of the options will west. - December 31,2022-Management now estimates that 80% of the options will vest. - January 1.2024-107.000 options are exercised when the market price is $15/ share Record the journal entries associated with the above transactions including any necessary entry at December 31, 2024. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the ary1.2024 criber 31,2024 eTextbook and Media Question 5 of 5 120 \begin{tabular}{|c|c|} \hline Date & Account Titles and Explanation \\ \hline kiary 1.2021 & NoEntry \\ \hline & NoEntry \\ \hline cember 31,2021 & Compersation Byense \\ \hline & share \\ \hline cember 31.2022 & \\ \hline \end{tabular}