Heidi Software Corporation provides a variety of share-based compensation plans to its empioyees. Under its executive stock aption plan, the company granted options on January 1, 2021, that permit executives to acquire 24 million of the company's \$i par commor shares within the next five years, but not before December 31, 2022 (the vesting date). The exercise price is the market price cf the shares on the date of grant, $5.50 per share. The fair value of the 24 million options, estirnated by an approprtate ootion pricing model, is $1 per option. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the options. 2. Prepare the appropriate journal entry to record the award of options on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31,2021 . 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2022 Complete this question by entering your answers in the tabs below. Heidi Software Corporation provides a variety of share-based compensation plans to its empioyees. Under its executive stock aption plan, the company granted options on January 1, 2021, that permit executives to acquire 24 million of the company's \$i par commor shares within the next five years, but not before December 31, 2022 (the vesting date). The exercise price is the market price cf the shares on the date of grant, $5.50 per share. The fair value of the 24 million options, estirnated by an approprtate ootion pricing model, is $1 per option. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the options. 2. Prepare the appropriate journal entry to record the award of options on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31,2021 . 4. Prepare the appropriate journal entry to record compensation expense on December 31, 2022 Complete this question by entering your answers in the tabs below