Given the following information, record the following journal entries using the fair value method.

XYZ Corporation issued stock option grants to employees on 1/1/18. The grants allowed the employees to purchase 10,000 shares of $1 par value common stock after a 5-year vesting period but before 10 years from the grant date. The exercise price was $75, the market price at the grant date was $100, and the fair market value of the options was $30.

a) Grant date

b) Compensation expense, if any.

c) Compensation expense, if any, for 2019

d) Exercise of 5,000 options on 6/30/2023

e) Expiration of the remaining 5,000 in 2027.