$70$ points

$$1,900,000.$ The common stock had a par value of $$5$ per shaids$)$

$($a$)$ Journalize the issuance of the stock option of aldions. $(7$ points$)$

$($c$)$ Journalize the $\frac{12}{31}\frac{?}{15}$ entry related to the stock options. $(7$ points$)$

$($d$)$ Assume all of the options were exercised on $1/1/16.$ Journalize this transaction. $(7$ points$)$

$($e$)$ Ignore Part $($d$),$ and assume the CEO did not exercise the options and they lapsed on $\frac{1}{1}\frac{?}{16}.$ Journalize this transaction. $(7$ points$)$