LCI Cable Company grants 1 million performance stock options to key executlves at January 1, 2021. The options entitle executives to recelve 1 million of LCl$1 par common shares, subject to the achlevement of speclfic financial goals over the next four years. Attainment of these goals is considered probable Initlally and throughout the service perlod. The options have a current falr value of $12 per option. Required: 1. Prepare the approprlate entry when the options are awarded on January 1,2021. 2. Prepare the approprlate entrles on December 31 of each year 2021-2024. 3. Suppose at the beginning of 2023 , LCl decided it is not probable that the performance objectives will be met. Prepare the approprlate entrles on December 31 of 2023 and 2024. Complete this question by entering your answers in the tabs below. Record the necessary journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet Record the grant of 1 million performance stock options when the options have a fair value of $12 per option as on January 01, 2021. Note: Enter debits before credits. Journal entry worksheet Record the entry that would be made on December 31 of 2021, 2022, 2023 and 2024. Note: Enter debits before credits. Journal entry worksheet Prepare any necessary entry on December 31,2023 assuming that it is not probable that the performance objectives will be met. Note: Enter debits before credits. Journal entry worksheet Prepare any necessary entry on December 31, 2024 assuming that it is not probable that the performance objectives will be met. Note: Enter debits before credits