\fDarling Petrol Corp. granted stock options to executives in early 20x1. The stock options vest over ve years and expire after eight years. In total, the options allow the purchase of 1,900,000 shares at $2.50 per share. Option pricing models indicate that the options have a total fair value of $6,550,000. Estimates of retention are 84% at the end of 20K] and 32% at the end of 203-12. Required: 1. Provide thejournal entries to be recorded with respect to the options at the end of20X1 and 203.2. {If no entry is required for a transactiona'event, select "Nojournal entryI required" in the first account eld. Do not round intermediate calculations]