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Part 5: Var Questions - we te circle your finale A On December 31, 2018. Free Company granted 15.000 options to its executive's to purchase 15.000 of the company's Spar com vock alan option price of 530 per share. The market value of the stock value of 57. The options become exercisable on January 1, 2022. and represent compensation for exces 12/31/2015 W 530 per share. The Black Scholes option pricing model determined that each option and left the company and the market value of the stock has increased to 12 per share services over a three-year period beginning January 1, 2019. At December 31, 2019 none of the executive What was the intrinsie value of the options when they were granted on December 31, 20187 2. What is the Compensation Expense for the year ended December 31, 2019 as a result of this transactice in accordance with US GAAP 3. Indicate below the impact of your 12/31/2019 joumal entry on the financial statement template below Assets Liabilities Stockholders' Paid-in Capital Equity in Excess (APIC) L Retained Earnings Net Income 4. On January 1, 2022 when the stock was trading at $35 per share in the market, 10,000 of the options were exercised. Prepare the journal entry below that would be made