Fidler on the Tooth, a local dental practice, issued 110,000 stock options to its employees on January 1, 2025. The company granted the stock options at par when the share price was $40. These options have 3 year vesting and expire on December 31, 2030. By December 31, 2025, the share price had increased to $42. Fidler on the Tooth's management estimates the value of these options at the grant date and vesting date to be $1.60 and $1.95 each, respectively. Forfeitures are estimated to be 2% in year 1, 1% in year 2 and actual forfeitures were 3%. 40% of the options are exercised on December 31, 2028. Do not use $, commas, or +/- in your answer. Please do not round intermediary calculations. Round final answer to nearest dollar. If an account is not applicable, please enter 0. (a) what is the amount of compensation expense the Company would record in year 1? (b) what is the journal entry the Company would record on the exercise of the options on December 31, 2028. For each account please list if it is debit or credit and the amount. For accounts not applicable, please enter 0. Account name Debit or credit (enter 0 if not applicable) Amount Common shares cash retained earnings contributed surplus