LCI Cable Company grants 2.6 million performance stock options to key executives at January 1, 2016. The options entitle executives to receive 2.6 million of LCI $1 par common shares, subject to the achievement of speciic 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 $20 per option. Required: 1. to 2. 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 2.6 million performance stock options when the options have a fair value of $20 per option as on January 01, 2016. Note: Enter debits before credits General Journal Debit Credit Record entry Clear entry View general journal Suppose at the beginning of 2018, LCI decided it is not probable that the performance objectives wil be met. Prepare the appropriate entries on December 31 of 2018 and 2019 (If no entry is 3. ed for a transaction/event, select "No journal entry required" in the first account field. esc FI 00 F4 F2 F3 FS F7