Check my work On October 1, 2018, Farmer Fabrication issued stock options for 260,000 shares to a division manager. The options have an estimated fair value of $7 each. To provide additional incentive for managerial achievement, the options are not exercisable unless divisional revenue increases by 5% in four years. Suppose that after one year, Farmer estimates that it is not probable that divisional revenue will increase by 5% in four years. 4.34 points 1. What is the revised estimate of the total compensation? 2. What action will be taken to account for the options in 2019? eBook Print References 1. Estimated total compensation 2. What action will be taken to account for the options in 2019? Farmer will reverse the 2018 recorded compensation