On January $1,2021,$ Kiwi Computers Corp granted options to its new CEO, Morgan Price, to purchase $50,000$ shares of $$1\mathrm{.}00$ par value common stock for $$15\mathrm{.}00$ per share. The options are exercisable after December $31,2023$ and expire on March $31,2025.$ On the grant date, the market price of the stock was $$17\mathrm{.}00$ per share. Using an acceptable valuation model, Kiwi determined that the options had a fair value of $$450,000$ on the grant date. The options vest over three years.

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a$.$ Record the journal entry $($if needed$)$ on the stock options grant date, January $1,2021.$

b$.$ Record the journal entries $($if needed$)$ for $2021,2022,$ and $2023$ to record compensation expense. List each year separately.

c$.$ Record the journal entry assuming half of the options $(25,000)$ are exercised on January $1,2024$ when the market price of the stock is $$25.$

d$.$ Record the journal entry for the expiration of the options not exercised on March $1,2025.$