Question ) (17 marks) The information below pertains to Fewquay Corporation. Contributed Surplus Expired Stock Options - has a balance of $350,000 as of January 1, 2025. . On January 1, 2025, the shareholders adopted a stock option plan for the top executives, whereby each might receive rights to purchase up to 8,150 common shares at $51 per share. The shares had a market value of $58 per share on January 1, 2025. . On January 1, 2025, options were granted to each of six executives to purchase 8,150 shares. These options were exercisable two years after the date of grant if the grantee was still a company Info. employee. The options expire on May 1, 2027, and are non-transferable. It is assumed that the Provided options were for services performed equally in 2025 and 2026. The Black-Scholes Option Pricing Model determines total compensation expense to be $900,000. Assume that the entity follows ASPE and has chosen not to reflect forfeitures in their upfront estimate of compensation expense. At April 15, 2027, five executives exercised their options. The market price at this date was $63 per share. On May 1, 2027, the sixth executive chose not to exercise his options which therefore, expired. Required: 1) Prepare all necessary entries from January 1, 2023. up to and including May 1, 2027, for the above listed events. If no entry is required for any of the above listed dated events, write No Ewry Necessary 2) Assume the same information (Info. Provided) as presented above except that on April 16, 2026, one of the six executives left the company to work at a competitor. The market price of the stock on this date was 556 per share. For the year 2026 only record the appropriate entry(s). 3) Assume the same information (Info. Provided) as presented above, except the third point reads: On FEBRUARY 1, 2025, options were granted to each of six executives to purchase 8.150 shares. These options were exercisable two years after the date of grant if the grantee was still a company employee. The options expire on May 1, 2027, and are non-transferable it is assumed that the options were for services performed in 2025 and 2026. The Black-Scholes Option Pricing Model determines total compensation expense to be $900,000. Assume that the entity follows ASPE and has chosen not to reflect forfeitures in their upfront estimate of compensation expense. Prepare all necessary entries for the year 2025 only. If no entry is required for any of the above listed dated events, write "No Entry Necessary Question ) (17 marks) The information below pertains to Fewquay Corporation. Contributed Surplus Expired Stock Options - has a balance of $350,000 as of January 1, 2025. . On January 1, 2025, the shareholders adopted a stock option plan for the top executives, whereby each might receive rights to purchase up to 8,150 common shares at $51 per share. The shares had a market value of $58 per share on January 1, 2025. . On January 1, 2025, options were granted to each of six executives to purchase 8,150 shares. These options were exercisable two years after the date of grant if the grantee was still a company Info. employee. The options expire on May 1, 2027, and are non-transferable. It is assumed that the Provided options were for services performed equally in 2025 and 2026. The Black-Scholes Option Pricing Model determines total compensation expense to be $900,000. Assume that the entity follows ASPE and has chosen not to reflect forfeitures in their upfront estimate of compensation expense. At April 15, 2027, five executives exercised their options. The market price at this date was $63 per share. On May 1, 2027, the sixth executive chose not to exercise his options which therefore, expired. Required: 1) Prepare all necessary entries from January 1, 2023. up to and including May 1, 2027, for the above listed events. If no entry is required for any of the above listed dated events, write No Ewry Necessary 2) Assume the same information (Info. Provided) as presented above except that on April 16, 2026, one of the six executives left the company to work at a competitor. The market price of the stock on this date was 556 per share. For the year 2026 only record the appropriate entry(s). 3) Assume the same information (Info. Provided) as presented above, except the third point reads: On FEBRUARY 1, 2025, options were granted to each of six executives to purchase 8.150 shares. These options were exercisable two years after the date of grant if the grantee was still a company employee. The options expire on May 1, 2027, and are non-transferable it is assumed that the options were for services performed in 2025 and 2026. The Black-Scholes Option Pricing Model determines total compensation expense to be $900,000. Assume that the entity follows ASPE and has chosen not to reflect forfeitures in their upfront estimate of compensation expense. Prepare all necessary entries for the year 2025 only. If no entry is required for any of the above listed dated events, write "No Entry Necessary