Question $3$ of $4\backslash (3\mathrm{.}71/6\backslash$quad $\backslash )$ Ayayai Company adopted a stock$-$option plan on November $30,2019,$ that provided that $69,000$ shares of $\backslash (\backslash$$ $5\backslash )$ par value stock be designated as available for the granting of options to officers of the corporation at a price of $\backslash (\backslash$$ $8\backslash )$ a share. The market price was $\backslash (\backslash$$ $11\backslash )$ a share on November $30,2020.$ On January $2,2020,$ options to purchase $25,300$ shares were granted to president Tom Winter$-14,200$ for services to be rendered in $2020$ and $11,100$ for services to be rendered in $2021.$ Also on that date, options to purchase $12,200$ shares were granted to vice president Michelle Bennett$-6,100$ for services to be rendered in $2020$ and $6,100$ for services to be rendered in $2021.$ The market price of the stock was $\backslash (\backslash$$ $14\backslash )$ a share on January $2,2020.$ The options were exercisable for a period of one year following the year in which the services were rendered. The fair value of the options on the grant date was $\backslash (\backslash$$ $4\backslash )$ per option. In $2021,$ neither the president nor the vice president exercised their options because the market price of the stock was below the exercise price. The market price of the stock was $\backslash (\backslash$$ $8\backslash )$ a share on December $31,2021,$ when the options for $2020$ services lapsed. On December $31,2022,$ both president Winter and vice president Bennett exercised their options for $11,100$ and $6,100$ shares, respectively, when the market price was $\backslash (\backslash$$ $17\backslash )$ a share. Prepare the necessary journal entries in $2019$ when the stock$-$option plan was adopted, in $2020$ when options were granted, in $2021$ when options lapsed, and in $2022$ when options were exercised. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$