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Brief Exercise 16-16 Martinez, Inc, established a stock-appreciation rights (SARS) program on January 1, 2020, which entities executives to receive cash at the date of

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Brief Exercise 16-16 Martinez, Inc, established a stock-appreciation rights (SARS) program on January 1, 2020, which entities executives to receive cash at the date of exercise for the difference between the market price of the stock and the pre-established price of $19 on 5,800 SARs. The required service period is 2 years. The fair value of the SARS are determined to be $5 on December 31, 2020, and 58 on December 31, 2021 Compute Martinez's compensation expense for 2020 and 2021. Martinez's compensation expense 2020 Martinez's compensation expense for 2021 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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