On January 1, 2019, Awesome Company adopted a employee stock-option plan that granted options to key executives to purchase 10,000 shares of the companys $1 par value common stock. The Company believes that such awards better align the interests of its employees with those of its shareholders. The options were granted on January 1, 2019, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $50, and the fair value option-pricing model determines the total compensation expense to be $500,000. Prepare the December 31, 2019, adjusting entry to record the year's compensation expense.