On November $1,2025,$ Blossom Company adopted a stock$-$option plan that granted options to key executives to purchase $21,600$ shares of the company's $$10$ par value common stock. The options were granted on January $2,2026,$ and were exercisable $2$ years after the date of grant if the grantee was still an employee of the company. The options expired $6$ years from date of grant. The option price was set at $$40,$ and the fair value option$-$pricing model determines the total compensation expense to be $$324,000.$

All of the options were exercised during the year $2028$: $14,400$ on January $3$ when the market price was $$64,$ and $7,200$ on May $1$ when the market price was $$73$ a share.

Prepare journal entries relating to the stock option plan for the years $2026,2027,$ and $2028.$ Assume that the employee performs services equally in $2026$ and $2027.($List all debit entries before credit entries. 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 O for the amounts. Do not round intermediate calculations. Round answers to O decimal places, e$.$g$.$

$5\mathrm{.}125.$ Record entries in the order displaved in the problem statement.$)$