On July 1,2024 , Kingbird Company adopted a stock option plan that granted options to key executives to purchase 110,000 shares of the company's $1 par value common stock. The options were granted on January 1,2025 , 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 $69, and the fair value option pricing model determines the total compensation expense to be $678,000. All of the options were exercised February 1,2028 , when the market price was $75 a share. Prepare journal entries relating to the stock option plan for the years 2024 through 2028. Assume that the employee performs services equally in 2025, 2026 and 2027. (Credit account titles are automatically indented when 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Compensation Expense Paid-in Capital-Stock Options 12/31/25 Compensation Expense Paid-in Capital-Stock Options 12/31/26 Compensation Expense Paid-in Capital-Stock Options 12/31/26 Paid-in Capital-Stock Options Paid-in Capital-Expired Stock Options 12/31/27 Cash Paid-in Capital-Stock Options Common Stock Paid-in Capital in Excess of Par - Common Stock