Your answer is partially correct.

On January $1,2021,$ Bonita Property Management Inc. introduced a stock$-$based compensation plan for its senior executives. The

company has a December $31,2021$ year$-$end and the following events cccurred:

January $1,2021-$ The company issued $342,000$ options to senior management executives for the purchase of shares at $$\frac{10}{?}$

share. The fair value of the options using an options pricing model is $$2,394,000.$ Options vest over a three$-$year period and it

is estimated that $90\%$ of the options will vest. At the end of $2024,$ any unexercised options will expire.

December $31,2021-$ Management now estimates that $85\%$ of the options will vest.

December $31,2022-$ Management now estimates that $80\%$ of the options will vest.

January $1,2024-114,000$ options are exercised when the market price is $$14/$ share.

Record the journal entries associated with the above transactions including any necessary entry at December $31,2024.($Credit account

titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the

problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Compensation Experse

Contrlbuted Surplus $-$ Stock Optlons

ser $31,2021$

ser $31,2023$

$2024$

Contributed Surplus $-$ Stock Opelons

Compensation Expense

Contrlbuted Surplus $-$ Stack Options

Compensation Expense

Compensatlon Expense

Contrlbuted Surplus $-$ Stock Optlons

Contr$1$buted Surplus $-$ Stock Options

Common Shares

Contrlbuted Surplus $-$ Stock Optlons

Contrlbuted Surplus $-$ Expired Stock Optlons

$2,154,600$ List of AccountsAssistance Used

Accounts Payable

Accounts Receivable

Accumulated Other Comprehensive Income

Bonds Payable

Cash

Common Shares

Compensation Expense

Contributed Surplus $-$ Conversion Rights

Contributed Surplus $-$ Conversion Rights Expired

Contributed Surplus $-$ Expired Stock Options

Contributed Surplus $-$ Stock Options

Contributed Surplus $-$ Stock Warrants

Cost of Goods Sold

Debt Conversion Expense

Debt Retirement Expense

Deficit

Deposits

Derivatives $-$ Deposits

Derivatives $-$ Financial Assets$/$Liabilities

Equipment

Equity $-$ Fixed$-$for$-$fixed Derivative

Fair Value $-$ NI Investments

Finished Goods Inventory

Future Income Tax Liability

Gain

Gain on Redemption of Bonds

Gain on Retirement of Bonds

Gain or Loss on Derivatives

Interest Expense

Interest Income

Interest Payable

Interest Receivable

Inventory

Liability under Share Appreciation Rights Plans

Loss

Loss on Conversion of Bonds

Loss on Redemption of Bonds

Loss on Retirement of Bonds

No Entry

Notes Payable

Notes Receivable

Preferred Shares

Raw Materials

Raw Materials Inventory

Retained Earnings

Sales Revenue

Supplies

Unrealized Gain or Loss

Unrealized Gain or Loss $-$ OCI

Unrealized Holding Gain $-$ Futures Contract