Problem 19-7 Performance option plan [LO19-2 LCI Cable Company grants 2.0 million performance stock options to key executives at January 1, 2016. The options entitle executives to receive 2.0 million of LCI $1 par common shares, subject to the achievenent of specific financial goals over the next four years. Attainment of these goals is considered probable initially and throughout the service period. The options have a current fair value of $10 per option. 1. to 2. Record the necessary journal entries. (If no entry is required for a transaction/levent, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)) View transaction list Journal entry worksheet Record the grant of 2 million performance stock options when the options have a fair value of $10 per option as on January 01, 2016. Note: Enter debits before credits Debit Credit journal entry required sc FS 2 4