Current Attempt in Progress On January 1, 2019, Sheridan Company granted Sam Wine, an employee, an option to buy 1,000 shares of Sheridan Co. stock for $30 per share the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5340. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Sheridan Co. stock in 2021 were: July 1 October 1 December 1 $28 per share $34 per share $38 per share The service period is for three years beginning January 1, 2021. As a result of the option granted to Wine, using the fair value method, Sheridan should recognize compensation expense for 2019 on its books in the amount of O $5340. $0. $1780 $1335 Sa lor Later Attempts: 0 of 1 used Submit Answer MacBook Air