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On November 1,2025, Nash Company adopted a stock-option plan that granted options to key executives to purchase 26,700 shares of the company's $9 par value common stock. The options were granted on January 2,2026, and were exercisable 2 vears after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $400,500. All of the optionis were exercised during the vear 2028: 17,800 on fanuary 3 when the market pifice was $68, and 8,900 on May 1 when the market price was $78 a share. Prepare journal entries relating to the stock option planfor the years 2026, 2027, and 2028. Assume that the employee performs services equally in 2026 and 2027. (List all debit entries before credit entries. Credit occount titles are automotically indented when amount is entered. Do not indent manualfy. If no entry is requilred, sefect "No Entry" for the account tittes and enter ofor the amounts. Do not nound intermediate calculations, Round answers to 0 declmal places, es, 5, 125, Recond entries in the order displayed in the problem statement) Date Account Titles and Explanation Debit Credit

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