On January 1, 2020, Carla Vista Corp. granted stock options to its chief executive officer. This is the only stock option plan that Carla Vista offers and the details are as follows:

Option to purchase:		2,500 common shares
Option price per share:		$35.00
Fair value per common share on date of grant:		$26.80
Stock option expiration:		The earlier of eight years after issuance or the employees cessation of employment with Carla Vista for any reason other than retirement
Date when options are first exercisable:		The earlier of four years after issuance or the date on which the employee reaches the retirement age of 65
Fair value of options on date of grant:		$8.00

On January 1, 2025, 2,000 of the options were exercised when the fair value of the common shares was $38. The remaining stock options were allowed to expire. The CEO remained with the company throughout the period.

b.Assume that the entity follows ASPE and has decided not to include an estimate of forfeitures upon initial recognition of the compensation expense. Record the journal entry on December 31, 2020, the fiscal year end of Carla Vista Corp. (Credit account titles are automatically indented when the 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
December 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount