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%. On December 31, 2028, 40% of the options are exercised. Please enter debits as positive (eg. 1000) and credits as negative (eg. -1000) 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. Debits are positive (eg. 1000) and credits are negative (eg. -1000)