On danuary 1, 2019, as a form of executive compensation, Wadlin Cocporation grants share appreciation rights to Pobert Brandt. These rights entite Brandt to receive cash equal to the excess of the quoted market price over a $15 option price for 2.000 shares of the company's common stock on the exercise date. The service period is 3 yoars (which Brandt is expected to complete), and the rights must be exercised within 5 years. Brandt exercises his rights on December 31,2022 . The fair value per 5AR was as follows: 1231/19, 53.00 : 1231/20,54.20;12/31/21,$4.00, and 12531R2, $5.00. The quoted market price per share of common stock was $20 on December 31,2022 Pequired: 1. Prepare a schedule to compute the compensation expense related to this SAF plan for 2019 through 2022. 2. Prepare the December 31,2022 , journal entry related to this SAA plan. 2. Prepare the joumal entry on Decomber 31,2022 , to recognize the SAR compensation oxpense for 2022 and to record the exercise of the rights. 1. Prepare a schodule to compute the compensation expense related to this SAR plan for 2019 through 2022 . WADLIN CORPORATION SAR Annual Compensation Expense Chart of Accounts CHART OF ACCOUNTS Wadlin Corporation General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 522 Compensation Expense 211 Accounts Payable 532 Bad Debt Expense 231 Salaries Payable 540 Interest Expense Chart of Accounts 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 522 Compensation Expense 211 Accounts Payable 532 Bad Debt Expense 231 Salaries Payable 540 Interest Expense 232 SAR Compensation Payable 541 Depreciation Expense 250 Unearned Revenue 559 Miscellaneous Expenses 261 Income Taxes Payable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings
