Sun Ltd. grants 100 stock options to each of its 1200 employees on 01.04.2016 for 30, depending upon the employees at the time of vesting of options. Options would be exercisable within a year it is vested. The market price of the share is 60 each. These options will vest at the end of the year 1 if the earning of Sun Ltd. is 16% or it will vest at the end of year 2 if the average earning of two years is 13%, or lastly it will vest at the end of the third year, if the average earning of 3 years is 10%. 6000 unvested options lapsed on 31.3.2017, 5000 unvested options lapsed on 31.03.2018 and finally 4000 unvested options lapsed on 31.03.2019. The earnings of Sun Ltd. for the three financial years ended on 31st March, 2017, 2018 and 2019 are 15%, 10% and 6%, respectively. 1000 employees exercised their vested options within a year and remaining options were unexercised at the end of the contractual life. You are requested to give the necessary journal entries for the above and prepare the statement showing compensation expenses to be recognized at the end of each year.