on 1 october 2017 third wave ltd offered a shared based incentive scheme to its managing director under the scheme tha managing director will recieve a cash bonus on 1 october 2020 calculated at 50000 third waves shares were trading at 8.55$ on 30 september 2018 8.22$ on 30september 2019 and 8.16$ on 30september 2020

write the relevant journal entries in the books of third wave showing the accounting treatment for this incentive scheme assume on 1 october 2020 the managing director was paid the full entitlement of her cash bomus