An entity grants one hundred share options to each of its five directors On 1 July 20x4. The share - based payment Scheme was correctly identified as equity- Settled. The option vest after 4 years on 30 June 20x8. The fair value of each option on 1 July 20X4 is $5 and it is anticipated that all of the share options will vest on 30 June 20X8

what will be the accounting entry in the financial statements for the year ended 30 June 20X5?