On 1/1/18, ABC Corp. granted employees 200,000 stock options. Additional information is presented below:
Option Price	$ 30	per share
Share Price on 1/1/18	$ 30	per share
Par Value of Stock	$ 1	per share
Option Value on 1/1/18	$900,000
Vesting/Service Period	3	years
Expiration Date	12/31/2022
On 1/1/20, employees holding 20,000 options resigned from the company, thus forfeiting their options.
On 1/1/22, 60,000 options were exercised when the market price was $45/share.
On 12/31/22, the remaining options expired. 1) Provide the journal entry on 1/1/18. 2) Provide the journal entry to be made on both 12/31/18 and 12/31/19. 3) Determine the amount of compensation expense to be reported in 2020.