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 10,000 common shares Option price per share $24.00 Fair value per common share on grant date $19.20 Stock option expiration 6 years after issuance Date CEO is first eligible to exercise 3 years after issuance Fair value of options on grant date $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