On January $1,2023,$ Splish Corporation granted its president a share appreciation rights $($SARs$)$ package covering employment over a

three$-$year period. The package was based on SARs increases for $15,180$ shares over the fair value on January $1,2023$ of $$25$ per

common share. The SARs package was to be paid in cash at the end of the third year $($i$.$e$.,$ December $31,2025).$

The fair values of the Splish shares were as follows:

December $31,2023$

$$\frac{27}{?}$ share

December $31,2024$

$$\frac{30}{?}$ share

December $31,2025$

$$28/$share

Prepare the journal entries to record the Share Appreciation Rights $($SARs$)$ package, and the payment on December $31,2025$ assuming

that Splish follows ASPE. $($Round answers to $0$ decimal places, e$.$g$.5,275.$ Credit account titles are automatically indented when the amount is

entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit