3 Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive compensation plan, at January 1, 2021, the company issued 276,000 executive stock options permitting executives to buy 276,000 shares of Pastner stock for $41 per share. One-fourth of the options vest in each of the next four years beginning at December 31, 2021 (graded vesting). Pastner elects to separate the total award into four groups (or tranches) according to the year in which they vest and measures the compensation cost for each vesting date as a separate award. The fair value of each tranche is estimated at January 1, 2021, as follows: 4.17 points Amount Vesting 25% 25% 25 25% Vesting Date Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024 eBook Fair Value per Option $4.00 $5.00 $6.00 $7.00 Print Assume Pastner prepares its financial statements using International Financial Reporting Standards (IFRS). References Required: Determine the compensation expense related to the options to be recorded each year 2021-2024, assuming Pastner allocates the compensation cost for each of the four groups (tranches) separately. (Round your answers to 2 decimal places. Enter your answers in thousands.) Compensation Expense Recorded in: 2022 2023 2024 2021 Total $ 0.00 Shares Vesting at: Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024 Total 0.00 0.00 0.00 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $