On January 1, 2021, Adams Meneke Corporation granted 45 million incentive stock options to division managers, each permitting holders to purchase one share of the company's Sipar common shares within the next six years, but not before December 21, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, currently $28 per share. The fair value of the options, estimated by an appropriate option pricing model is $6 per option Management's policy is to estimate forfeitures. No forfeltures ate anticipated ignore taxes. Required: 1. Determine the total compensation cost pertaining to the options on January 1, 2021 2. Prepare the appropriate journal entry to record compensation experise on December 31, 2021 3. Unexpected turnover during 2022 caused an estimate of the forfeiture of 5% of the stock options. Prepare the appropriate journal entry) on December 31 2022 and 2023 in response to the new estimate Complete this question by entering your answers in the tabs below. Requredi Required Required Determine the total compensation cost pertaining to the options on January 1, 2021 to your win mo. 10,000,000 should be entered at 10) Totonation don Required 2 > Lupice is quesLUI DE CIRCHy yuui dnsWEIS HELIC LUS DEUW. Required 1 Required 2 Required 3 Prepare the appropriate journal entry to record compensation expense on December 31, 2021. (If no entry is requ transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions round (1.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 1 > Record compensation expense on December 31, 2021, Note: Enter debits before credits Date General Journal Debit Credit December 31 2021 Required 1 Required 2 Required 3 Unexpected turnover during 2022 caused an estimate of the forfeiture of 5% of the stock options. Prepare the ap entry(s) on December 31, 2022 and 2023 in response to the new estimate. (If no entry is required for a transact journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in m decimal places (i.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet Record the compensation expense. Note: Enter debits before credits. Date December 31, 2022 General Journal Debit Credit