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At the end of its fiscal year, December 31, 2023, Sandhill Limited issued 217,000 share appreciation rights to its officers that entitled them to receive cash for the difference between the fair value of its shares and a pre-established price of $13. The fair value fluctuated as follows: December 31, 2024, \$18; December 31, 2025, \$11; December 31, 2026, \$25; and December 31, 2027, \$23. An options pricing model determined that the fair value of all 217,000 SARs fluctuated as follows: December 31,2024,$1,265,000; December 31,2025,$0; December 31,2026,$2,654,000; and December 31,2027,$2,170,000. The required service period is four years, and the exercise period is three years from the end of the service period. The company recognizes the SARs in its financial statements. Assume that Sandhill follows IFRS. (a) Your answer is partially correct. appreciation rights plan. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) Prepare the entry at December 31,2024 , to record compensation experse, if any, in 2024 . (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter 0 for the amounts.j eTextbook and Media Prepare the entry at January 1, 2025, assuming that all 217,000 SARs are exercised on that date, and that fair value of the shares on that date is $23. (Credit account titiles are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter O for the amounts.J