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On July 1, 2019, Monty Company adopted a stock-option plan that granted options to key executives to purchase 86.000 shares of the company's $1 par

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On July 1, 2019, Monty Company adopted a stock-option plan that granted options to key executives to purchase 86.000 shares of the company's \$1 par value common stock. The options were granted on January 1,2020, and were exercisable 3 years after the date of grant if the grantee was still an employee of the company. The options expired 4 years from date of grant. The option price was set at $63, and the fair value option-pricing model determines the total compensation expense to be $612.000. All of the options were exercised February 1, 2023, when the market price was $75 a share. Prepare journal entries relating to the stock option plan for the years 2019 through 2023 . Assume that fhe employee performs services equally in 2020, 2021 and 2022. (Credit account titles are outomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities ond enter 0 for the amounts. Round intermediote caiculations to 5 dedmal places. e.9. 1.24687 and final onswers to 0 decimal ploces, eg. 5,125.)

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