Check my work 2 1.66 points Under its executive stock option plan, National Corporation granted 15 million options on January 1. 2021, that permit executives to purchase 15 million of the company's $1 par common shares within the next six years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant, $32 per share. The fair value of the options, estimated by an appropriate option pricing model is $4 per option. Suppose that unexpected turnover during 2022 caused the forfeiture of 5% of the stock options. Compute the amount of compensation expense for 2022 and 2023. (Enter your answers in millions rounded to 2 decimal places (L.e., 5,500,000 should be entered as 5.50)) eBook Print References Compensation expense (s in millions) 2022 2023 Check my we 3 1.66 points Under its executive stock option plan, National Corporation granted 20 million options on January 2021, that permit executives to purchase 20 million of the company's $1 par common shares within the next six years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant $23 per share. The fair value of the options, estimated by an appropriate option pricing model, is $5 per option. Suppose that the options are exercised on April 3, 2024, when the market price is $25 per share. Ignoring taxes, what journal entry will National record? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answe In millions (L.e., 10.000.000 should be entered as 10).) eBook Print References View transaction list Journal entry worksheet Record entry for options exercised on April 3, 2024, when the market price is $25 per share. Note: Enter debits before credits. Date General Journal Debit Credit April 03. 2024 Check my work 4 1.66 points Under its executive stock option plan. National Corporation granted 10 million options on January 1. 2021, that permit executives to purchase 10 million of the company's $1 par common shares within the next six years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant. $14 per share. The fair value of the options, estimated by an appropriate option pricing model, is $3 per option. Suppose that the options expire without being exercised. Ignoring taxes, what journal entry will National record? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (L.e., 10.000.000 should be entered as 10).) eBook Print References View transaction list Journal entry worksheet