On January $1,2021,$ Swifty Property Management Inc. introduced a stock$-$based compensation plan for its senior executives. The company has a December $31,2021$ year$-$end and the following events occurred:

$$ January $1,2021$ The company issued $330,000$ options to senior management executives for the purchase of shares at $$11/$ share. The fair value of the options using an options pricing model is $$2,310,000.$ Options vest over a three$-$year period and it is estimated that $90\%$ of the options will vest. At the end of $2024,$ any unexercised options will expire.

$$ December $31,2021$ Management now estimates that $85\%$ of the options will vest.

$$ December $31,2022$ Management now estimates that $80\%$ of the options will vest.

$$ January $1,2024110,000$ options are exercised when the market price is $$15/$ share.

Record the journal entries associated with the above transactions including any necessary entry at December $31,2024.$