Part 5: Various Questions-Be sure in circle your final answer of the company's 510 par common stock at an option price of $30 per share. The market value of the sock A On December 31, 2018. Free Company granted 15,000 options to its executive's to purchase 15.000 value of $7. The options become excisable on January 1, 2022, and represent compensation for executive 12/31/2018 was $30 per share. The Black-Scholes option pricing model determined that each option bad services over a three-year period beginning January 1, 2019. At December 31, 2019 none of the executives left the company and the market value of the stock has increased to $32 per share 1. What was the intrinsic value of the options when they were granted on December 31, 2018? 2. What is the Compensation Expense for the year ended December 31, 2019 as a result of this transaction in accordance with US GAAP 3. Indicate below the impact of your 12/31/2019 journal entry on the financial statement template below Stockholders' Paid-in Capital Assets Liabilities Equity in Excess (APIC) 5 Retained Net Earnings Income 4. On January 1, 2022 when the stock was trading at $35 per share in the market, 10,000 of the options were exercised. Prepare the journal entry below that would be made Part 5: Various Questions-Be sure to circle your final answer stock A. On December 31, 2018, Free Company granted 15,000 options to its executive's to purchase 15,000 sh 12/31/2018 was $30 per share. The Black-Scholes option pricing model determined that each option had a fai of the company's $10 par common stock at an option price of $30 per share. The market value of the s value of $7. The options become exercisable on January 1, 2022, and represent compensation for executives services over a three-year period beginning January 1, 2019. At December 31, 2019 none of the executives had left the company and the market value of the stock has increased to $32 per share. 1. What was the intrinsic value of the options when they were granted on December 31, 2018? 2. What is the Compensation Expense for the year ended December 31, 2019 as a result of this transaction in accordance with US GAAP? 3. Indicate below the impact of your 12/31/2019 journal entry on the financial statement template below Assets Liabilities Stockholders' Paid-in Capital Equity in Excess (APIC) Retained Earnings Net Income 4. On January 1, 2022 when the stock was trading at $35 per share in the market, 10,000 of the options were exercised. Prepare the journal entry below that would be made