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 7,000 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: 12/31/19, $3.00; 12/31/20, $4.20; 12/31/21, $4.00; and 12/31/22, $5.00. The quoted market price per share of common stock was $25 on December 31, 2022. Required: 1. Prepare a schedule to compute the compensation expense related to this SAR plan for 2019 through 2022. 2. Prepare the December 31, 2022, journal entry related to this SAR plan
| 1. | Prepare a schedule to compute the compensation expense related to this SAR plan for 2019 through 2022. |
| 2. | Prepare the December 31, 2022, journal entry related to this SAR plan. |
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