On November 1,2020, Sheffield Compary adopted a stock-option plan that granted options to key executives to purchase 26,700 shares of the compary's $9 par value common stock. The options were granted on January 2.2021, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30 , and the fair value option-pricing model determines the total compensation experse to be $400.500. All of the options were exercised during the year 2023 : 17 , 800 on January 3 when the market price was $68 , and 8,900 on May 1 when the market price was $78 ashare. Prepare journal entries relating to the stock option plan for the years 2021, 2022, and 2023. Assume that the employee performs services equally in 2022 and 2023 . (Credit occount titles are outomatically indented when amount is entered, Do not indent menualix if no entry is required, select "No Entry" for the account tifles and enter O for the amounts. Round intermediate coilculations to 5 decimal places, es. 1.24687 and final answers to 0 decimal places, es. 5,125