Your answer is partially correct. . On January 1, 2019, Concord Corporation granted 9,300 options to key executives. Each option allows the executive to purchase one share of Concord's $5 par value common stock at a price of $20 per share. The options were exercisable within a 2-year period beginning January 1, 2021, if the grantee is still employed by the company at the time of the exercise. On the grant date, Concord's stock was trading at $26 per share, and a fair value option-pricing model determines total compensation to be $425,000. On May 1, 2021, 7,440 options were exercised when the market price of Concord's stock was $30 per share. The remaining options lapsed in 2023 because executives decided not to exercise their options. Prepare the necessary journal entries related to the stock option plan for the years 2019 through 2023. (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 for the amounts.) Date Debit Credit Account Titles and Explanation No Entry 2019 0 No Entry 0 .2019 Compensation Expense 212500 Paid in Capital Stock Options 212500 .2020 Compensation Expense 212500 Paid-in Capital-Stock Options 212500 2021 Cash 148800 Paid-in Capital-Stock Options 327200 Common Stock 37200 Paid-in Capital in Excess of Par - Common Stock 438800 2023 Paid-in Capital-Stock Options 97800 Paid in Capital-Expired Stock Options 97800 > e Textbook and Media List of Accounts