On January 1, 2020, Barwood Corporation granted 5.000 options to executives. Each option entitles the holder to purchase one share of Barwood's $5 par value common stock at $50 per share at any time during the next 5 years. The market price of the stock is $65 per share on the date of grant. The fair value of the options at the grant date is $150.000 The period of benefit is 2 years Prepare Barwood's Journal entries for January 1, 2020, and December 31, 2020 and 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit On January 1, 2020. Barwood Corporation granted 2.000 shares of restricted $5 par value common stock to executives. The market price (fair value) of the stock is $65 per share on the date of grant. The period of benefit is 2 years Prepare Barwood's journal entries for January 1, 2020, and December 31, 2020 and 2021. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no enty is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Current Attempt in Progress On January 1, 2020 (the date of granit). Lutz Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000. The stock is forfeited if the executives do not complete 3 years of employment with the company Prepare journal entries for January 1, 2020, and on December 31, 2020, assuming the service period is 3 years. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit