ABC Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2020. The rights are due to vest on December 31 2021, with payment being made on December 31, 2022. During the year 2020, the company estimated that all options would vest, although only 90% of the options actually vested. Share prices are as follows: January 1, 2020 20 December 31, 2020 25 December 31, 2021 28 December 31, 2022 30 How much compensation expense should be recorded for the year ended December 31, 2021?