Problem #$5$

On Dec. $24,2019$ Diana's Supershakes Corp. adopted a stock option plan that granted options to executives allowing them to purchase $600,000$ shares of the company's $$3\mathrm{.}00$ par value common stock @ $$25/$share$.$ The options were granted on January $2$nd$,2020.$ The compensation service period was $3-$yrs commencing on the date of the grant. Using an "acceptable option pricing model" the company established fair value of $$1,500,000$ as of January $2,2020.$ The options were exercisable during the $2019$ calendar year.

On January $17$th$,2022,$ Professor Weinstein, a "disgruntled employee", was caught selling pilfering inventory, revealing secrets to a competitor, stealing office supplies, and making false and pernicious statements regarding top employee of the millenium Giavanni Pace' thereby forfeiting his claim to $60,000$ options.

On May $9,2023450,000$ options were exercised

The remaining options expired as the DSC Corp.. On Dec. $31,2023$ as stock price plummeted when it became public knowledge that the company's "supershakes" were in fact Shoprite Whole Milk mixed with chocolate syrup and steroids.

Required:

Prepare the appropriate journal entries $($if any$)$ for the $2020$ though $2023.$