At the beginning of 2024, Brandon Ltd grants 4000 employee share options with an exercise price of \($40\) to its newly appointed chief executive officer, conditional on the executive remaining in the company’s employ for the next 3 years. The exercise price drops to \($30\) if Brandon Ltd’s earnings increase by an average of 10% per year over the 3-year period. On grant date, the estimated fair value of the employee share options with an exercise price of \($30\) is \($22\) per option. If the exercise price is \($40,\) the options have an estimated fair value of \($17\) each.

During 2024, Brandon Ltd’s earnings increased by 8% and are expected to continue to increase at this rate over the next 2 years.

Required 

Prepare a schedule setting out the annual remuneration expense to be recognised by Brandon Ltd and the cumulative remuneration expense for 2024.