Problem #6 Stock Options On Dec. 24, 2015 Diana's Supershakes Corp. adopted a stock option plan that granted options to executives allowing them to purchase 500,000 shares of the company's $2.00 par value common stock @ $15/share. The options were granted on January 2nd, 2016. The compensation service period was 3-yrs commencing on the date of the grant. Using an "acceptable option pricing model" the company established fair value of $1,500,000 as of January 2, 2016. The options were exercisable during the 2019 calendar year. On January 17th, 2018, Professor Weinstein, a "disgruntled employee", was caught pilfering inventory, revealing secrets to a competitor, stealing office supplies, and making false and pernicious statements regarding top employee of the millennium Giovanni Pace' thereby forfeiting his claim to 25,000 options. On May 9, 2019 The remaining options expired. The remaining options expired as the DSC Corp.. stock price plummeted when it became public knowledge that the company's "supershakes" were in fact Shoprite Whole Milk mixed with chocolate syrup and steroids. Required: Prepare the appropriate journal entries (if any) for the 2016 though 2019. Problem #6 Stock Options On Dec. 24, 2015 Diana's Supershakes Corp. adopted a stock option plan that granted options to executives allowing them to purchase 500,000 shares of the company's $2.00 par value common stock @ $15/share. The options were granted on January 2nd, 2016. The compensation service period was 3-yrs commencing on the date of the grant. Using an "acceptable option pricing model" the company established fair value of $1,500,000 as of January 2, 2016. The options were exercisable during the 2019 calendar year. On January 17th, 2018, Professor Weinstein, a "disgruntled employee", was caught pilfering inventory, revealing secrets to a competitor, stealing office supplies, and making false and pernicious statements regarding top employee of the millennium Giovanni Pace' thereby forfeiting his claim to 25,000 options. On May 9, 2019 The remaining options expired. The remaining options expired as the DSC Corp.. stock price plummeted when it became public knowledge that the company's "supershakes" were in fact Shoprite Whole Milk mixed with chocolate syrup and steroids. Required: Prepare the appropriate journal entries (if any) for the 2016 though 2019