Bolder Limited grants 1200 share options to each of its 42 employees. Each grant is conditional on the employee working for the company for the next two years. The fair value of each option is estimated to be $13 at grant date and $17 at the vesting date. During the first year, 5 employees left the company. It was forecasted that further 2 employees will leave in year 2. During the second year, 2 employees left the company.

The amount to be recognised as an expense by Bolder Ltd in Year 2 is: