Exercise 16-11 Your answer is partially correct. Try again. On January 1, 2021, Metlock Inc. granted stock options to officers and key employees for the purchase of 22,000 shares of the company's $10 par common stock at $25 per share. The options were exercisable within a 5-year period beginning January 1, 2023, by grantees still in the employ of the company, and expiring December 31, 2027. The service period for this award is 2 years. Assume that the fair value option-pricing model determines total compensation expense to be $366,800. On April 1, 2022, 2,200 options were terminated when the employees resigned from the company. The market price of the common stock was $34 per share on this date. On March 31, 2023, 13,200 options were exercised when the market price of the common stock was $41 per share. Prepare journal entries to record issuance of the stock options, termination of the stock options, exercise of the stock options, and charges to compensation expense, for the years ended December 31, 2021, 2022, and 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 o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1, 2021] No Entry No Entry Dec. 31, 2021 Compensation Expense 183400 Paid-in Capital-Stock O 183400 April 1, 2022 Paid-in Capital-Stock Optic 18340) Compensation Expense 18340 Dec 31, 2022 Compensation Expense 165060 Paid-in Capital-Stock O 165060 X Mar. 31, 2023 vCash 316800 Paid-in Capital-Stock Optic 220080 Common Stock 132000 x Paid-in Capital in Exces 404880