On Lanuary $1\mathrm{.}2021.$ Culumbe Property Manuzement Inc introduced a stock based compensation plan for its senicr exerutives. The

company has a December $31\mathrm{.}2021$ year end and the following events eccurred:

January $1\mathrm{.}2021-$ The company issued $285\mathrm{.}000$ options to senior management executives for the purchase of share at $$11.$

share The fair value of the options using an options pricing model is $$1\mathrm{.}995\mathrm{.}000.$ Options vet over a thre yea period and it

Is estimated that $90$ s of the options will vest. At the end of $2024.$ any unexercised options will expire

December $31\mathrm{.}2021-$ Management now estimates that $85\%$ of the options will vest.

December $31\mathrm{.}2022-$ Management now estimates that $80\%$ of the options will vest.

January $1\mathrm{.}2024-95\mathrm{.}000$ options are exercised when the market price is $$\frac{15}{?}$ share

tives are avtomatically indented when the amount is entered. Do not indeat manually Record joumal entrie in the arder presented in the

problen If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit en irial$)$