Cheyenne, Inc. established a stock appreciation rights (SAR) program on January 1, 2020, which entitles 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 $21 on 4,700 SARs. The required service period is 2 years. The fair value of the SARs are determined to be $4 on December 31, 2020, and 59 on December 31. 2021 Compute Cheyenne's compensation expense for 2020 and 2021 Cheyenne's compensation expense 2020 $ Cheyenne's compensation expense for 2021 $