= Homework: Week Three Question 19, E19-5 (similar to) Part 4 of 6 Walgreen Company started a share appreciation plan on January 1, 2018, when it granted 206,000 rights to its executives. The vesting period is 2 years. The plan expires on January 1, 2020. Employees exercise all SARS on January 1, 2020, when their fair value is $16. HW Score: 47.07%, 10.36 of 22 points Points: 0.46 of 1 The fair value of Walgreen's SARS for the years ended December 31, 2018 and 2019, are as follows: (Click the icon to view the additional information.) Read the requirements. Now, prepare the journal entry when the executives exercise the SARS and the company pays the obligation. Account Obligation under SAR Plan Cash January 1, 2020 3,296,000 3,296,000 Save Requirement b. Prepare all journal entries to record the SAR plan assuming that the rights are settled with the company's $1 par value common stock. On the date of exercise, the market price per share is $20. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare the journal entry to record the compensation expense for the year 2018. Account December 31, 2018 Help me solve this Etext pages Get more help - ii Type here to search E 3' Clear all Check answer 49F Mostly cloudy ^ 7:35 PM 1/24/2022