On January 1, 2020,PronghornCorporation granted its president a share appreciation rights (SARs) package covering employment over a three-year period. The package was based on SARs increases for19,410shares over the fair value on January 1, 2020 of $23per common share. The SARs package to be paid in cash at the end of the third year (i.e., December 31, 2022).

The fair values of thePronghornshares were as follows:

December 31, 2020$25/shareDecember 31, 2021$28/shareDecember 31, 2022$26/share

Prepare the journal entries to record the Share Appreciation Rights (SARs) package, and the payment on December 31, 2022 assuming thatPronghornfollows ASPE.(Round answers to 0 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 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

(To record negative compensation expense.)

(To remove SAR liability.)

eTextbook and Media

List of Accounts