Wildhorse Company adopted a stock$-$option plan on November $30,2024,$ that provided that $71,900$ shares of $$5$ par value stock be designated as available for the granting of options to officers of the corporation at a price of $$8$ a share. The market price was $$12$ a share on November $30,2025.$

On January $2,2025,$ options to purchase $30,600$ shares were granted to president Tom Winter$-14,800$ for services to be rendered in $2025$ and $15,800$ for services to be rendered in $2026.$ Also on that date, options to purchase $16,800$ shares were granted to vice president Michelle Bennett$-8,400$ for services to be rendered in $2025$ and $8,400$ for services to be rendered in $2026.$ The market price of the stock was $$13$ a share on January $2,$

$2025.$ The options were exercisable for a period of one year following the year in which the services were rendered. The fair value of the options on the grant date was $$5$ per option.

In $2026,$ neither the president nor the vice president exercised their options because the market price of the stock was below the exercise price. The market price of the stock was $$7$ a share on December $31,2026,$ when the options for $2025$ services lapsed.

On December $31,2027,$ both president Winter and vice president Bennett exercised their options for $15,800$ and $8,400$ shares, respectively, when the market price was $$16$ a share.

Prepare the necessary journal entries in $2024$ when the stock$-$option plan was adopted, in $2025$ when options were granted, in $2026$ when options lapsed, and in $2027$ when options were exercised. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.$)$