On 1 January 2018, Tucan grants 5 executives 500 stock appreciation rights ("SAR"), whereby each executive will receive in cash the value of the SARs if Tucan's share price increases by 10% over a two-year service period. The present value of each SAR is as follows: 800 at the grant date, 900 at 31 December 2018 and 1,000 at 31 December 2019. What is the cumulative expense at the end of 2018? 2000000 3000000 1125000 1000000