Exercise 16-10 2 Your answer is partially correct. Try again On November 1, 2017, Tamarisk Company adopted a stock-option plan that granted options to key executives to purchase 21,600 shares of the company's $10 par value common stock. The options were granted on January 2, 2018, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $40, and the fair value option-pricing model determines the total compensation expense to be $324,000. All of the options weexercised during the year 2020: 14,400 on January 3 when the market price was $64, and 7,200 on May 1 when the market price was $73 a share Prepare journal entries relating to the stock option plan for the years 2018, 2019, and 2020. Assume that the employee performs services equally in 2018 and 2019. (Credit account titles are automatically decimal places, e.g. 1.24687 and final answers to O decimal places, e.g. 5,125.) when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account title, and entero or the amount. Round intermed teca eura ons Account Titles and Explanation Debit Credit Jan. 2, 2018 Unearned Compensation 64000 Paid-in Capital in Excess of Par Common Stock Dec. 31, 2018 Compensation Expense