In order to retain certain key executives, Carla Vista Corporation granted them incentive stock options on December 31, 2024. A total of 154000 options were granted at an option price of $35 per share. Market prices of the stock were as follows: December 31, 2025 $46 per share December 31, 2026 51 per share The options were granted as compensation for executives' services to be rendered over a two-year period beginning January 1, 2025. The Black-Scholes option-pricing model determined total compensation expense to be $1498000. What amount of compensation expense should Carla Vista recognize as a result of this plan for the year ended December 31, 2025 under the fair value method? $1498000 $749000 $2613100 $1652000