1. Universal Communications grants 10 million SARs to key executives at January1, 2016. Upon exercise the SARs entitle executives to receive cash or stock equal in value to the excess of the market price at exercise over the share price at the date of grant. The 1$ par common shares have a current market price of 10$ per share. The SARS vest at the end of 2019(cannot be I exercised until then)and expire at the end of 2018. The fair value of the SARs estimated by an appropriate option pricing model is 8$ per SAR at January 2016. The fair value re-estimated at December 2016,2017,2018, 2019 and 2018 is 8.40$_, 8$ 6$ 4.30$ and 5$ respectively. Required: 1 Prepare a schedule that shows the amount of compensation expense allocable to each year. 2.Prepare an entry for 12/31/2019 to record compensation expense if any in 2019. 3. Prepare an entry for 12/31/2019 considering that 10 million SARs are exercised