On July $1,2024,$ Pharoah Company adopted a stock option plan that granted options to key executives to purchase $83,000$ shares of the company's $$1$ par value common stock. The options were granted on January $1,2025,$ and were exercisable $3$ years after the date of grant if the grantee was still an employee of the company. The options expired $4$ years from date of grant. The option price was set at $$65,$ and the fair value option pricing model determines the total compensation expense to be $$606,000.$

All of the options were exercised February $1,2028,$ when the market price was $$82$ a share.

Prepare journal entries relating to the stock option plan for the years $2024$ through $2028.$ Assume that the employee performs services equally in $2025,2026$ and $2027.$