On Jan. 1, 2021 Company granted stock options to officers and key employees for the purchase of 20,000 shares common stock at $ 25 per share. of the company's $ 10 par The optioins were exercisable within a company, and expiring Dec. 31, 2027. 5 year period beginning Jan. 1, 2023, by grantees still in employ of the The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be On April 1, 2022, $ 400,000 2,000 options were terminated when the employees resigned from the company. $ 35 per share on this date. The market price of the common stock was On March 31, 2023, 12,000 options were exercised when the market price of the common stock was $ 40 per share. Required: Prelare the journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options and charges to compensation expense, for the years ended December 31, 2021, 2022, and 2023. Show your detailed calculations.