On January 1, 2018,MetlockInc. granted stock options to officers and key employees for the purchase of21,000shares of the company's $10par common stock at $24per share. The options were exercisable within a 5-year period beginning January 1, 2020, by grantees still in the employ of the company, and expiring December 31, 2024. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $361,400.

On April 1, 2019,2,100options were terminated when the employees resigned from the company. The market price of the common stock was $35per share on this date.

On March 31, 2020,12,600options were exercised when the market price of the common stock was $41per share.

Prepare 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, 2018, 2019, and 2020.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Jan 1, 2018 No entry 0

No entry 0

Dec 31, 2018 Compensation expense 180700

Paid in capital stock options 180700

April 1, 2019 Paid in capital stock options 18070

Compensation expense 18070

Dec 31, 2019 Compensation expense My number is wrong

Paid in capital stock options My number is wrong

Mar 31, 2020 Cash 302400

Paid in capital stock options 216840

Common stock 126000

Paid in capital in excess of par common stock 393240