Prepare the journal entries

Oriole Ltd. has an executive stock option plan, details of which follow: The plan entitles the CEO to purchase 12,000 common shares at $26 each, following a vesting period. The vesting period is January 1, 2023 through December 31, 2024. The exercise period is January 1, 2025 through December 31, 2027. The CEO exercises 9,400 of the stock options on June 30, 2025. The rest of the options are allowed to lapse. The shares' market prices per share are as follows: January 1, 2023 December 31, 2023 December 31, 2024 June 30, 2025 $26 $28 $29 $31 Oriole uses an option-pricing model to value the stock options. When granted, the options are estimated to have a fair value of $4 each. This estimate remains unchanged during the vesting period. Assuming that Oriole has a December 31 year end, prepare the required journal entries as at the following dates. (Credit account titles are automatically indented wln the arrunt is entered. DO not in&nt manually. List all debit en bi entries If no ent" is required, Elect "NO Entry" for the account tides and enter O for the amounts.) (b) January 1, 2023 (grant date) December 31, 2023 June 30, 2025 (exercise date) January 1, 2028 (lapse date)