Accounting for a grant with a market condition   LO5, 7 At the beginning of 2019, Callala Bay Ltd grants 10 000 share options to a senior marketing executive, conditional on the executive remaining in the company’s employ until the end of 2021. The share options cannot be exercised unless the share price has increased from $20 at the beginning of 2019 to above $30 at the end of 2021. If the share price is above $30 at the end of 2019, the share options can be exercised at any time during the following 5 years. Callala Bay Ltd applies a binomial option‐pricing model that takes into account the possibility that the share price will exceed $30 at the end of 2021 and the possibility that the share price will not exceed $30 at the end of 2021. The fair value of the share options with this market condition is estimated to be $14 per option. Required Calculate the annual and cumulative remuneration expense to be recognised by Callala Bay Ltd for 2019.