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On January 1.2024, Coronado Corporation granted 9,300 options to key executives, Each option allows the executive to purchase one share of Coronado's $5 par value common stock at a price of $20 per share. The options were exereisable within a 2 -year period beginning January 1.2026, if the grantee is still employed by the company at the time of the exercise. On the grant date, Coronado's stock was trading at $26 per share, and a fair value option-pricing model determines total compensation to be $425,000. On May 1,2026, 7,440 options were exercised when the market price of Coronado's stock was $30 per share: The remaining options lapsed in 2028 because executives decided not to exercise their options. Prepare the necessary journal entries related to the stock option plan for the years 2024 through 2028. (List ail debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement) Prepare the necessary journal entries related to the stock option plan for the years 2024 through 2028, (List all debit entries before credit entries, Credit account titles are automaticalfy indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement) eTextbook and Media

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