Current Attempt in Progress

On January $1,2020,$ Headland Corporation granted $5,400$ options to executives. Each option entitles the holder to purchase one share

of Headland's $$5$ par value common stock at $$50$ per share at any time during the next $5$ years. The market price of the stock is $$63$ per

share on the date of grant. The fair value of the options at the grant date is $$152,000.$ The period of benefit is $2$ years.

Prepare Headland's journal entries for January $1,2020,$ and December $31,2020$ and $2021.($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 $0$ for the

amounts.$)$

Date

Account Titles and Explanation

Debit

Credit