DT asset on share options

sir can you just write the journal entry for this(end of Year 2), with a brief explanation of how you arrived at your figures? Pls sir it will be great help. I literally spent over two hours trying to solve this question…

An entity, Splash, established a share option scheme for its four directors. This scheme commenced on 1 July 2008. Each director will be entitled to 25,000 share options on condition that they remain with Splash for four years, from the date the scheme was introduced.
Information regarding the share options is provided below:
Fair value of option at grant date $10 Exercise price of option $5 The fair value of the shares at 30 June 2009 was $17 per share.
A tax deduction is only given for the share options when they are exercised. The allowable deduction will be based on the intrinsic value of the options. Assume a tax rate of 30%.

Required:
Calculate and explain the amounts to be included in the financial statements of Splash for the year ended 30 June 2010 including explanation and calculation of any deferred tax implications.