At January 1, 2016, Ginobili Company had issued 86000 executive stock options permitting executives to buy 86000 shares of stock for $20. The fair value of the options and vesting schedule is estimated as follows: Vesting Amount Fair Value Date Vesting per Option Dec. 31, 2016 10% $ 5 Dec. 31, 2017 30% $ 7 Dec. 31, 2018 60% $10 Assuming Ginobili prepares its financial statements in accordance with International Financial Reporting Standards, what is the compensation expense related to the options to be recorded in 2017? I know the correct answer is 262,300. How do You get that answer?

At January 1. 2016. Ginobili Company had issued 86000 executive stock options permitting executives to buy 86000 shares of stock for $20. The fair value of the options and vesting schedule is estimated as follows: Vesting Amount Fair Value Dale Vesting per Option Dec. 31, 2016 10% $ 5 Dec. 31, 2017 30% $ 7 Dec. 31, 2018 60% $10 Assuming Ginobili prepares its financial statements in accordance with International Financial Reporting Standards, what is the compensation expense related to the options to be recorded in 2017