On January 1, 2020. Novak Corporation granted 5,000 options to executives. Each option entitles the holder to purchase one share of Novak's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stockis $69 per share on the date of grant. The fair value of the options at the grant date is $151,000. The period of benefit is 2 years. Prepare Novak's journal entries for January 1, 2020, and December 31, 2020 and 2021. (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 for the amounts) Account Titles and Explanation Credit Date Debit