On January 1, 2020, Blue Corp. granted stock options to its chief executive officer (CEO). The details of the plan offered by Blue are as follows: Option to purchase Option price per share Fair value per common share on grant date Stock option expiration Date CEO is first eligible to exercise Fair value of options on grant date 10,000 common shares $24.00 $19.20 6 years after issuance 3 years after issuance $6.00 On January 1, 2023, 8,000 of the options were exercised when the fair value of the common shares was $28. The remaining stock options were allowed to expire and the CEO did not leave Blue during the period leading up to expiration of the options. Instructions: Record the journal entries are the following dates, assuming that Blue follows ASPE and accounts for forfeitures as they occur. a. January 1, 2020 b. December 31, 2020, the year-end date c. January 1, 2023, the exercise date d. December 31, 2025, the expiry date of the options