On January 1, 2020, Carla Vista Co. established a stock appreciation rights plan for its executives. They could receive cash at any time during the next four years equal to the difference between the market price of the common stock and a preestablished price of $17 on 430,000 SARs. The market price is as follows: 12/31/20$23; 12/31/21$18; 12/31/22$20; 12/31/23$21. On December 31, 2022, 70,000 SARs are exercised, and the remaining SARs are exercised on December 31, 2023

Prepare a schedule that shows the amount of compensation expense for each of the four years starting with 2020. (If the compensation decreases from prior year enter the amount as a negative number in the table e.g. -25,000 or (25,000). Do not leave any answer field blank. Enter 0 for amounts.)

Schedule of Compensation Expense

Date

Market Price

Set Price

Value of SARs

Percent Accrued

Accrued to Date

Expense

12/31/20

$

$

$

%

$

$

12/31/21

%

12/31/22

%

12/31/23

%

$

$

Prepare the journal entry at 12/31/21 to record compensation expense. (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
12/31/21

Prepare the journal entry at 12/31/23 to record the exercise of the remaining SARs. (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
12/31/23