live stock appreciation rights plan entitling them with the right to receive cash based on the difference between the FMV of the 2015, a company grants 3,000 stock appreciation rights to their executives company's stock beginning on January 1, 2020 (i.e., a five-year service or vesting period) and a pre-established price of $100 per share (ie., the SAR price). a. The FMV of the company's stock fluctuates over the next 5 years as follows: increases during 2015 and closes at $140 per share on December 31, 2015 decreases during 2016 and closes at $90 per share on December 31, 2016 increases during 2017 and closes at $300 per share on December 31, 2017 increases during 2018 and closes at $525 per share on December 31, 2018 decreases during 2019 and closes at $500 per share on December 31, 2019 Provide the financial accounting for the 2015-2019 period. SAR Liability b. Assume that on January 1, 2020 the stock price is $500 per share and the CEO exercises her 2,000 rights. Provide the financial accounting for this transaction. c. Assume during 2018 the CFO leaves the company and forfeits 1,000 stock appreciation rights. Prepare the journal entries for 2018 and 2019.