On November 1, 2022. Sandhill Inc. adopted a stock-option plan that granted options to key executives to purchase 38,900 shares of the company's common shares. The options were granted on January 2, 2023, 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 $476,000. All of the options were exercised during the year 2025:24,100 on January 3 when the market price was $67, and 14,800 on May 1 when the market price was $77 a share. Prepare journal entries relating to the stock option plan for the years 2023, 2024, and 2025. Assume that the employee performs services equally in 2023 and 2024. (Credit account titles are automatically indented when the omount is entered, Do not indent manually