Current Attempt in Progress On January 1, 2021, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane 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 $5100. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were: July 1 October 1$34 per share December 1$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, Crane should recognize compensation expense for 2021 on its books in the amount of $0. $1700. $5100. $1275