A is a calendar-year firm with operations in several countries. At January 1, 2018, the company had issued 40,000 executive stock options permitting executives to buy 40,000 shares of stock for $30. The vesting schedule is 25% the first year, 25% the second year, and 50% the third year (graded-vesting). The fair value of the options is estimated as follows:

Vesting Date	Amount Vesting				Fair Value per Option
Dec. 31, 2018		25	%			$	6
Dec. 31, 2019		25	%			$	7
Dec. 31, 2020		50	%			$	9

What is the compensation expense related to the options to be recorded in 2020?