Darling Petrol Corp. granted stock options to executives in early 20X1. The stock options vest over five years and expire after eight years. In total, the options allow the purchase of 1,200,000 shares at $2.00 per share. Option pricing models indicate that the options have a total fair value of $4,200,000. Estimates of retention are 82% at the end of 20X1 and 80% at the end of 20X2. Required: 1. Provide the journal entries to be recorded with respect to the options at the end of 20X1 and 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet