On January 1, 2020, Wildhorse Corporation granted 17,300 options to key executives. Each option allows the executive to purchase one share of Wildhorses common shares at a price of $21 per share. The options were exercisable within a twoyear period beginning January 1, 2022, if the grantee was still employed by the company at the time of the exercise. On the grant date, Wildhorses shares were trading at $17 per share, and a fair value options pricing model determined total compensation to be $780,000. Management has assumed that there will be no forfeitures because they do not expect any of the key executives to leave.

On May 1, 2022, 5,190 options were exercised when the market price of Wildhorses shares was $27 per share. The remaining options lapsed in 2023 because executives decided not to exercise them. Management was indeed correct in their assumption regarding forfeitures in that all executives remained with the company. Assume that Wildhorse follows IFRS.

Prepare the necessary journal entries related to the stock option plan for the years ended December 31, 2020 through 2023. (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
1/1/20	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
12/31/20	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
12/31/21	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
5/1/22	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
12/31/23	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Would the exercise price normally be higher or lower than the market price of the shares on the date of grant? The market price will normally be select an option higherlower than the exercise price of the shares on the date of grant.