= Homework: Week Three Question 13, BE19-9 (similar to) Part 1 of 5 HW Score: 14.32%, 3.15 of 22 points Points: 0 of 1 Save Hill Incorporation started a share appreciation plan on January 1, 2018, when it granted 46,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for cash. The plan expires on January 1, 2020. The fair value of Hill's SARS for the years ended December 31, 2018, and 2019, are as follows: (Click the icon to view the additional information.) All rights are exercised on January 1, 2020, when their fair value is $3 and the market price is $15 per share. What is the compensation expense in 2018 and in 2019? Prepare the journal entries to record the SAR plan. Determine the compensation expense in 2018. The compensation expense in 2018 is $ Additional information Date Fair Value December 31, 2018 $ 4 December 31, 2019 $ 3 Print Done