INSTRUCTIONS ( a ) Prepare the necessary journal entries related to the stock DIGGING INANGE DEEPER option plan for the years ended December 31 , 2017 through 2020 . ( b ) What is the significance of the $ 25 market price of the Waldorf shares at the date of grant ? Would the exercise price normally be higher or lower than the market price of the shares on the date of grant ?" ( C ) What is the significance of the $34 market price of the Waldorf