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purchase one share of Cheyennes 51 parvalue common stock at a price of 557 ger share. The optons were exercisable within a 2 -year period beginning July 1. 2026, if the grantee is still emploved by the company at the time of the exercise, Oni the grant date, Chevenne's stock was trading at $49 peeshare anda farr value option-pricing model determines total compensation to be $336,000. On July 1, 2026, 31.500 options were exercised when the market price of Cheyenne's stock was $63 per share. The remaining options lopsed in 2028 because executives decided not to exercise thetr options. Prepare the necessaryloumalentries related to the stock option plan for theyears 2024 through 2028. Fredit occount titics are autematically indented when amount is entered. Do not indent manually if no entry ls required, seloct "No Entry" for the account titles ond enter Ofor the amounts. List all debit entries before credit entries Recond joumal entries in the ovder presented in the problem.)