Question 2 Chapter 15 Assignment On January 1, 2021, Braeben Inc, granted stock option within a five-year period beginning Janua and they expire December 31, 2027. The m at the date of grant. Using the Black-Scholes option prica of each option on January 1, 2021 to be $2.75. of 180,000 of the compare of the company's no-par value common shares at $30 each. The options ne granted stock options to officers and key employees for the purchase year period beginning January 1, 2023 by grantees still in the employ of the company. on shares at $30 each. The options were exercisable recember 31, 2027. The market price of Braeben's common share was $20 per share grant. Using the Black-Scholes option pricing model, the company estimated the value and key employees e December ning January hon shares at S on March 31, 2023, 30,000 options were exercised when the market value of common stock was 14 per share. The remainder of the options expired unexercised. The company has a December 31 year-end. Record the journal entries for Braeben's stock options. December 31, 2021 Date Explanation Account Debit Credit December 31, 2022 Date Explanation/Account Debit Credit Mar 31, 2023 Date Explanation/Account Debit Credit Dec 31, 2027 - Expiration Date Explanation/Account Debit Credit