Oneonta Enterprises, Inc. granted employee stock options on January 2, 2018, to acquire 63,000 shares of $1.70 par value common stock with an exercise price of $6.10 per share. The market price on January 2, 2018, was also $6.10 per share, so there is no intrinsic value on the date of the grant. Employees must complete a 2-year service (vesting) period in order to exercise the options. The options will expire after a 5-year period (total option) period. The estimated fair value of the options using the Black-Scholes option-pricing model is $9.70 per option for a total of $611,100 63,000 shares x $9.70 per share). The company estimates that 10% of the options will be forfeited. The number of options forfeited in 2018 was 2,500 and in 2019 was 28,000. The options are equity-classified awards. Assume that Oneonta chooses to adjust the fair value for the estimated forfeitures. Determine the amount and allocation of the stock-based compensation expense for the years 2018 and 2019, and prepare the necessary journal entries