Prepare the necessary entries from January 1, 2019 to February 1, 2021 for the following events. If no entry is needed, write "No entry necessary". Assume a December 31st year-end. 1 On January 1, 2019, the shareholders of Mynah Byrd Inc. adopted a stock option plan for its top executives, where each could receive rights to purchase up to 7,000 common shares at $40 per share At this date, the shares were trading for $52 per share. 2 On February 1, 2019, options were granted to five executives to purchase 7,000 shares each. The options were non-transferable and the executive had to remain an employee of the company to exercise the option. The options expire on February 1, 2021. It is assumed that the options were for services performed equally in 2019 and 2020. The Black-Scholes option pricing model determines total compensation expense to be $780,000 3. On February 1, 2021, four executives exercised their options. The fifth executive chose not to exercise her options and therefore expired. F B Paragraph I A U . + op v 19px Lato (Recom... ***E 5