Exercise 19-6 (Algo) Stock options [LO19-2] Heldi Software Corpotation provides a variefy of share-based compensation plans to its employees. Under its executive stock option plan, the company granted options on January 1,2024, that permit executives to acquire 7 million of the companys 51 par common shares within the next five years, but not before December 31,2025 (the vesting datel. - The exercise pilce is the market price of the shares on the date of grant $58.00 per share. - The fair value of the 7 million options, estimated by an appropriote option pricing model, is $14 per option - No forfeitures are anticipated. - Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the options. 2. Prepore the oppropriate journal entry to record the oward of options on January 1, 2024 3. Prepare the eppropriate joumal entry to record compensation experse on December 31, 2024 4. Prepare the appropriate joumal entry to record compensation expense on December 31,2025. Complete this question by entering your answers in the tabs below. 2. Prepare the appropriate journal entry to record the award of options on lanusry 1, 2024. 3. Prepare the appropriate journal entry to record compensation expense on December 31,2024 . 4. Prepare the appropriate journal entry to record compensation expense on December 31,2025 . 4. Prepare the appropriate journal entry to record compensotion expense on Decomber 31,2025 . If ccount field. Enter vour answers in millions ( 6.1,10,000,000 should be untered as 10) Show leas A