On October 15, 2017, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2018, 36 million stock options were granted, exercisable for 36 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2021, and December 31, 2023, at 90% of the quoted market price on January 1, 2018, which was $10. The fair value of the 36 million options, estimated by an appropriate option pricing model, is $3 per option. Ensor chooses the option to recognize forfeitures only when they occur. Ten percent (3.6 million) of the options were forfeited when an executive resigned in 2019. All other options were exercised on July 12, 2022, when the stocks price jumped unexpectedly to $35 per share.

need help with the journal entries

Req 1 and 2 Req 3 and 5 Prepare the necessary journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the f account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 55) View transaction list View journal entry worksheet Debit Credit No Date General Journal 2019 Compensation expense Paid-in capital-stock options 2020 Compensation expense Paid-in capital-stock options 2022 Cash Paid-in capital-stock options Common stock Paid-in capital-excess of par