On January 1, 2021, Sweet Ltd. granted 9,800 options to key executives. Each option allows the executive to purchase one share of Sweet's HK$5 par value ordinary shares at a price of HK$20 per share. The options were exercisable within a 2-year period beginning January 1, 2023, if the grantee was still employed by the company at the time of the exercise (the service period is 2 years). On the grant date. Sweet's shares were trading at HK$26 per share, and a fair value option-pricing model determines total compensation to be HK$387,000. On May 1, 2023,8,820 options were exercised when the market price of Sweet's shares were HK$31 per share. The remaining options lapsed in 2025 because executives decided not to exercise their options. Prepare the necessary journal entries related to the share-option plan for the years 2021 through 2025. (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 O for the amounts. Round intermediate calculations to 5 decimal places, eg. 15.35486 and final answers to O decimal places, e.g. 5,125.)