Merkley Company is a calendar-year firm with operations in several countries. At January 1, 2024, the company had issued 52,000 executive stock options permitting executives to buy 52,000 shares of stock for $42. The vesting schedule is 25% the first year, 25% the second year, and 50% the third year (graded-vesting). The fair value of the options is estimated as follows:

Vesting Date	Amount Vesting	Fair Value per Option
December 31, 2024	25%	$ 6
December 31, 2025	25%	$ 7
December 31, 2026	50%	$ 9

Assuming Merkley prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), what is the compensation expense related to the options to be recorded in 2025?