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Covid Company(CC) had issued employee stock options to only two employees with the following details: Market Value of Fair Value of Vesting Date Employee Date Stock Number of Stock the Underlying Stock Options of Options Name Options Options Option Common Share at Date of Granted Exercise at Date of Grant Grant Price AA July 1, 2016 1,400 $5.50 $8.00 $12,000 July 1, 2020 Expiry Date of Options Dec. 31, 2022 Dec. 31, 2021 BB July 1, 2016 3,400 $4.50 $9.00 $36,000 July 1, 2019 AA quit working at CC on June 30, 2017. BB continues to work for CC. Required #1: Prepare all applicable entries for the stock option plan for the year ended December 31, 2017. Where applicable the effect of the two employees can be combined as one entry; it is not necessary to provide all entries for each employee. Covid Company(CC) had issued employee stock options to only two employees with the following details: Market Value of Fair Value of Vesting Date Employee Date Stock Number of Stock the Underlying Stock Options of Options Name Options Options Option Common Share at Date of Granted Exercise at Date of Grant Grant Price AA July 1, 2016 1,400 $5.50 $8.00 $12,000 July 1, 2020 Expiry Date of Options Dec. 31, 2022 Dec. 31, 2021 BB July 1, 2016 3,400 $4.50 $9.00 $36,000 July 1, 2019 AA quit working at CC on June 30, 2017. BB continues to work for CC. Required #1: Prepare all applicable entries for the stock option plan for the year ended December 31, 2017. Where applicable the effect of the two employees can be combined as one entry; it is not necessary to provide all entries for each employee