Macer Company started a share appreciation plan on January 1, 2018, when it granted 111,000 rights to its executives. The vesting period is 3 years. The rights are settled for cash. The plan expires on January 1, 2021 The SARs fair value for the years ended December 31, 2018, through 2020 are as follows: (Click the icon to view the additional information.) Read the requirements Requirement a. What is the compensation expense in 2018, 2019, and 2020? (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar. Use a minus sign or parentheses if the compensation expense will be a decrease for the year.) Determine the compensation expense in 2018. Requirements The compensation expense in 2018 is $ Determine the compensation expense in 2019. The compensation expense in 2019 is $ a. What is the compensation expense in 2018, 2019, and 2020? b. Prepare the journal entries to record the plan. Determine the compensation expense in 2020. The compensation expense in 2020 is $ Print Done Requirement b. Prepare the journal entries to record the plan. Start by preparing the journal entry to record the compensation expense for the year 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) Account December 31, 2018 Data Table Next, prepare the journal entry to record the compensation expense for the year 2019. Date Closing Market Price December 31, 2018 $ 7.00 December 31, 2019 12.00 December 31, 2020 6.00 January 1, 2021 3.00 All SARs are exercised on January 1, 2021, when the fair value is $3. Account December 31, 2019 Print Done Now, prepare the journal entry to record the compensation expense for the year 2020. Account December 31, 2020 Now, prepare the journal entry when the executives exercise the SARs and it pays the obligation in 2021. (Prepare one compound entry of the expense and payout.) Account January 1, 2021