Please assist with the question shown below. Thank you in advance :)

On January 1st, 2014, 20,000 units of stock appreciation rights were granted to JKL Inc's 200 employees, each of which received 100 units which accrue evenly over the following three years. The rights allow the employees to receive cash compensation for any stock price increase on December 31st, 2016, if they are still with the company at that time. The cash to be distributed is the difference between the fair value of the share and the reference price of $5 per share. Cumulative retention rates are expected to be 80% and 70% for 2014 and 2015 respectively. Twenty employees forfeited their rights in 2014 and thirty forfeited their rights in 2015. On December 31st, 2016 there were 150 employees working for JKL Inc. The following data applies to JKLS SARS plan: Year Market value per share Reference price per Share Intrinsic value per shares Estimated fair value per share Total fair value (20,000 units) Cash payout value (excluding forfeitures) Required: 2014 8 5 3 4.5 90,000 2015 7 5 2 3 60,000 2016 10 5 5 100,000 Prepare the required journal entries for 2014, 2015 and 2016 to record the compensation expense and ultimate cash payout related to the company's SARS plan. Although not required, feel free to use the back of a paper to prepare a chart to assist you with your calculations. Your calculations will not be graded. Date Account Titles Debit Credit