Green Company is a calendar-year U.S. firm with operations in several countries. At January 1, 2021, the company had issued 41,500 executive stock options permitting executives to buy 41,500 shares of stock for $25. The vesting schedule is 20% the first year, 30% the second year, and 50% the third year (graded-vesting). The fair value of the options is estimated as follows: Vesting Date Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Amount Vesting Fair Value per Option 20% $ 7 30% $ 8 50% $12 Assuming Green uses the straight-line method, what is the compensation expense related to the options to be recorded in 2022? Multiple Choice $135,567 $207,500. $345,733.