Held Software Corporation provides a varlety of share-based compensation plans to its employees. Under Its executive stock option plan, the company granted optlons on January 1,2024 , that permit executlives to acquire 15 million of the company's $1 par common shares within the next five years, but not before Decembe 31,2025 (the vesting date). - The exercise price is the market price of the shares on the date of grant, $41.50 per share. - The falr value of the 15million options, estimated by an appropriate option pricing model, is $10 per option. - No forfeltures are anticlpated. - Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the options. 2. Prepare the approprlate Journal entry to record the award of options on January 1, 2024. 3. Prepare the approprlate Journal entry to record compensation expense on December 31, 2024. 4. Prepare the approprlate Joumal entry to record compensation expense on December 31, 2025. Complete this question by entering your answers in the tabs below. Determine the total compensation cost pertaining to the options. Note: Enter your answer in millions (i,e., 10,000,000 should be entered as 10). Journal entry worksheet Note: Enter debits before crecits. Journal entry worksheet 3 Record compensation expense on December 31, 2024. Note: Enter debits before credits. Journal entry worksheet Record compensation expense on December 31, 2025. Note: Enter debits before cred ts