Exercise 16-30 (Part Level Submission) Kingbird Company establishes a stock-appreciation rights program that entitles its new president Ben Davis to receive cash for the difference between the market price of the stock and a pre-established price of $30 (also market price) on December 31, 2013, on 34,500 SARs. The date of grant is December 31, 2013, and the required employment (service) period is 4 years. President Davis exercises all of the SARS in 2019. The fair value of the SARS is estimated to be $6 per SAR on December 31, 2014; $10 on December 31, 2015; $14 on December 31, 2016; $6 on December 31, 2017; and $17 on December 31, 2018. (a) Prepare a 5-year (2014-2018) schedule of compensation expense pertaining to the 34,500 SARs granted president Davis. (If the compensation decreases from prior year enter the amount as a negative number in the table e.g. -25,000 or (25,000).) Cumulative Compensation Recognizable Expense Expense Date Fair Value Percentage Accrued Compensation Accrued to Date Expense 2014 Expense 2016 Expense 2017 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 Click If you would like to show Work for this question Open Show Work