At the beginning of year 1, James Ltd grants 100 share options to each of its 120 employees, conditional on the employee remaining in the employ of James Ltd over the next 2 years. The company estimates that the fair value of the options on grant date is $12. On the basis of a weighted average probability, James Ltd estimates that 15% of its employees will leave during the vesting period. At the end of year 1, ten employees have left, and James Ltd estimates that a further five will leave during year 2. By the end of year 1, the companys share price has dropped, and it decides to reprice the share options. It estimates that the fair value of the original share options is $7 and the fair value of the repriced share options is $10. Five employees leave during year 2. Required Prepare a schedule setting out the remuneration expense to be recognised at the end of years 1 and 2.