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Please someone help me solve this question. On 1 October 2020 Omega granted 100 employees options to purchase 1,000 shares in the entity. The options

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On 1 October 2020 Omega granted 100 employees options to purchase 1,000 shares in the entity. The options vest on 1 October 2022 for those employees who remain employed by the entity until that date. The options allow the employees to purchase the shares for $20 per share. The market price of the shares was $20.0 on 1 October 2020 and $21.0 on 1 October 2021. The market value of the options was $5.0 on 1 October 2020 and $6.0 on 1 October 2021. On 1 October 2020 the directors estimated that 6% of the relevant employees would leave in each of the years ended 30 September 2021 and 2022 respectively. It turned out that 5% of the relevant employees left in the year ended 30 September 2021 and the directors now believe that a further 5% will leave in the year ended 30 September 2022. Based on the information given, SHOW the amounts that will appear in the balance sheet of Omega as at 30 September 2021 in respect of the share options, and the amounts that will appear in the income statement for the year ended 30 September 2021. You should STATE where in the balance sheet and where in the income statement the relevant amounts will be presented. JUSTIFY your treatment with reference to appropriate international financial reporting standards. (25 marks)

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