On November 1, 2019, Sunland Corp. adopted a stock option plan that granted options to key executives to purchase 43,000 common shares. The options were granted on January 2, 2020, and were exercisable two years after the date of grant if the grantee was still a company employee: the options expire six years from the date of grant. The option price was set at $48, and total compensation expense was estimated to be $512,000. Note that the calculation did not take forfeitures into account. On April 1, 2021,3,200 options were terminated when some employees resigned from the company. The fair value of the shares at that date was $32. All of the remaining options were exercised during the year 2022:30,100 on January 3 when the fair value was $58, and 9.600 on May 1 when the fair value was $64 a share. Assume that the entity follows ASPE and has chosen not to reflect forfeitures in its upfront estimate of compensation expense. Prepare journal entries relating to the stock option plan for the years 2020 2021 and 2022. Assume that the employees perform services equally in 2020 and 2021, and that the year end is December 31. (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 for the amounts. Round answers to decimal places, e.. 5.275. Do not round intermediate calculations.) Date Debit Account Titles and Explanation No Entry 1/2/20 No Entry 12/31/20 Compensation Expense Contributed Surplus - Stock Options (To record compensation expense for 2020) 4/1/21 (To record termination of stock options held by resigned employees.) Compensation Expense 12/31/21 Contributed Surplus - Stock Warrants (To record compensation expense for 2021) 1/3/22 14 (To record issuance of 30,100 shares upon exercise of options at option price of $48) 5/1/22 (To record issuance of 9,600 shares upon exercise or remaining options at option price of $48)