Grevalta Industries, Inc. establishes a share$-$appreciation rights plan on January $1,2012.$ The plan 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 $$40$ on $10,000$ SARs. The service period runs for two years $(20122013).$

The value of the SAR$$s at the end of each year $(2012-2014)$ are as follows:

Value of SAR's at $12/31/12$ $$12$

Value of SAR's at $12/31/13$ $$28$

Value of SAR's at $12/31/14$ $$20$

Requirement: Record the journal entries for the three year period $(2012-2014)$ to record compensation expense relative to the SAR$$s $($Note: Three Journal entries required$)$