On January 1,2019, as a form of executive compensation, Wadlin Corporation grants share...

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Accounting

On January 1,2019, as a form of executive compensation, Wadlin Corporation grants share appreciation rights to Robert Brandt. These rights entitle Brandt to receive cash equal to the excess of the quoted market price over a $20 option price for 8,000. shares of the company's common stock on the exercise date. The service period is 3 years (which Brandt is expected to complete), and the rights must be exercised within 5 years. Brandt exercises his rights on December 31,2022. The fair value per SAR was as follows: 1231?19,$3.00;1231?20,$4.20;1231?21,$4.00; and 1231?22,$5.00.]. rhe quoted market price per share of common stock was $25 on December 31,2022
Required:
Prepare a schedule to compute'the compensation expense related to this SAR plan for 2019 through 2022.
Prepare the December 31,2022, journal entry related to this SAR plan.
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