Share-based payments #2 Saved Help Save & Exit Submit Check my work 3 LCI Cable Company grants 2.2 million performance stock options to key executives at January 1, 2018. The options entitle executives to receive 2.2 million of LCI $1 par common shares, subject to the achievement of specific financial goals over the next four years Attainment of these goals is considered probable initially and throughout the service period. The options have a current fair value of $20 per option. 0.22 points Required 1. & 2. Record the necessary journal entries. 3. Suppose at the beginning of 2020, LCI decided it is not probable that the performance objectives will be met. Prepare the appropriate entries on December 31 of 2020 and 2021. eBook Print References Complete this question by entering your answers in the tabs below Req 1 and 2 Req 3 Record the necessary journal entries. (If no entry is required for a transaction event, select "No ournal entry requiredin the tist account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Journal entry worksheet 2 Record the grant of 2.2 million performance stock options when the options have a fair value of $20 per option as on January 01, 2018 Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 Record the entry that would be made on December 31 of 2018, 2019, 2020 and 2021 Note: Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet 2 Prepare any necessary entry on December 31, 2020 assuming that it is not probable that the performance objectives will be met. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet 2 Prepare any necessary entry on December 31, 2021 assuming that it is not probable that the performance objectives will be met. Note: Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general journal