LCI Cable Company grants 1.6 million performance stock options to key executives at January 1, 2018. The options entitle executives to receive 1.6 million of LCI $1 par common shares, subject to the achievement of specific financial goals over the next four years. Attainment of these goals is considered probable initially and throughout the service period. The options have a current fair value of $10 per option. Required: 1. & 2. Record the necessary journal entries. 3. Suppose at the beginning of 2020, LCI decided it is not probable that the performance objectives will be met. Prepare the appropriate entries on December 31 of 2020 and 2021. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record the grant of 1.6 million performance stock options when the options have a fair value of $10 per option as on January 01, 2018. Note: Enter debits before credits. Event General Journal Debit Credit LLLLLLLLL Record the entry that would be made on December 31 of 2018, 2019, 2020 and 2021. Note: Enter debits before credits. Event General Journal Debit Credit Suppose at the beginning of 2020, LCI decided it is not probable that the performance objectives will be met. Prepare the appropriate entries on December 31 of 2020 and 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet