Q5. On Jan 1, 2019 Forrest SA granted share options to 3 key executives allowing each of them to purchase 5,000 of the company's $10 par shares at $25 per share. The options were exercisable commencing Jan 1, 2021 to executives still in employment with Forrest, after completing a two-year service period. The options expired on Jan 1, 2022. The Black-Sholes option pricing model determined the fair value of the option to be $540,000. On April 1, 2020 one of the executives resigned. On Jan 1, 2021 7,000 options were exercised when the price was $40 per share. Jan 1, 2019 Provide the journal entries required by Forrest on each of the following dates [3 marks] Dr. Cr. Dec 31, 2019 April 1, 2020 Jan 1, 2021 Jan 1, 2022