On January 1, 2020, Martinez Corporation granted its president a share appreciation rights (SAR) package covering employment over a three-year period. The package was based on SARS increases for 4,800 shares over the fair value on January 1, 2020 of $25 per common share. The SARS package is to be paid in cash at the end of the third year (i.e., December 31, 2022). The fair values of the Martinez shares were as follows: December 31, 2020 $27.20/share $29.50/share December 31, 2021 December 31, 2022 $27.60/share Prepare the journal entries to record the Share Appreciation Rights (SAR) package, and the payment on December 31, 2022 assuming that Martinez follows ASPE.(Round answers to decimal places, e.g. 5,275. 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 for the amounts.) Prepare the journal entries to record the Share Appreciation Rights (SARs) package, and the payment on December 31, 2022 assuming that Martinez follows ASPE. (Round answers to decimal places, eg 5,275. 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 for the amounts.) Debit Credit Date Account Titles and Explanation (To allocate the compensation for 2020.) (To allocate the compensation for 2021.) (To record negative compensation expense.) (To remove SAR liability.)