On November 1, 2025, Crane Company adopted a stock-option plan that granted options to key executives to purchase 33,900 sha 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 w set at $30, and the fair value option-pricing model determines the total compensation expense to be $508,500. All of the options were exercised during the year 2028:22,600 on January 3 when the market price was $67, and 11,300 on May 1 when the market price was $77 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 entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intemediate calculations. Round answers to Odecimal places, eg. 5.125. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit