On January 1, 2020, the shareholders of Musetta Inc., a publicly listed company, adopted a stock option plan for its executive team, where each could receive rights to purchase up to 3,000 common shares at $40 per share. At this date, the shares were trading for $32 per share. On February 1, 2020, options were granted to five executives to purchase 3,000 shares each. The options were non-transferable and the executive had to remain an employee of the company to exercise the option. The options expire on February 1 , 2024. It is assumed that the options were for services performed equally in 2020 and 2021. The Black-Scholes option pricing model determined total compensation expense to be $390,000. Musetta assumed that the none of the executives granted options would leave the company during the option vesting period. On January 1, 2023, four executives exercised their options. The fifth executive chose not to exercise her options, which therefore expired on February 1, 2024. Instructions: i) Prepare the necessary entries from January 1, 2020 up to and including February 24, 2022 for the above events. If no entry is needed, write "No entry necessary." ii) Explain what the impact on your response in "i" would be if Musetta assumed that one member of the executive team was going to leave the company before their options had vested