Please see the attachment.

On December 31, 2016, Wesley Inc. granted 4,000 share appreciation rights (SARs) to its employees. When exercised, each SAR paid out the current market price of the common shares less $34 (the market price of the common shares on the date of the SAR grant). The vesting period ended on December 30, 2018, and the exercise period ended on December 31, 2019. Information on Wesley Inc.'s plan is as follows: Estimated Average cash Fair value per number of paid out on Number of Year end SAR SARs vesting exercise SARs exercised Dec 31, 2016 $ 8 90% Dec 31, 2017 15 93% Dec 31, 2018 22 92% (actual) $18 2,100 Dec 31, 2019 14 1,580 Required: Prepare all journal entries for the years ended December 31, 2017, through December 31, 2019, inclusive. (6 marks)