Next Que 3 points Sive Answer On January 1, 2020, Cowboy Company established a stock appreciation rights plan for its executives. It entitled them to receive cash at any time during the next four years for the difference between the market price of its common stock and a pre-established price of $20 on 120,000 SARs. The value of the SAR using an option pricing model is as follows: December 31, 2020 $18 December 31, 2021 $10 December 31, 2022 December 31, 2023 $15 What amount of compensation expense should Cowboy recognize for the year ended December 31, 2017 $13 $0 $60,000 $600,000 $300,000