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  3. pacific trading co. has a sars program for manager

Pacific Trading Co. has a SARs program for managers. These individuals receive a cash payment...

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Accounting

Pacific Trading Co. has a SARs program for managers. These individuals receive a cash payment after three years of service,
calculated as the excess of share price over $10. In early 203, the 30 members of the management team in total are granted 22,500
units in the program. The payment is made at the end of 20X5. Data on estimated and actual retention are:
The fair value of one SARs unit is estimated at $3 at the end of 203 and $10 at the end of 204. The actual share is $18 at the
end of 20X5.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Required:
Provide the entry to record compensation expense in each year of the SARs plan, including the entry for cash payment in 20X5.(If
no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate
calculations. Round your final answers to the nearest whole dollar amount.)
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