On 1 July 2011, Coogee Limited grants 300 share options to each of its 200 employees. The shares are conditional on the employees remaining in Coogee Limited's employ during the three-year vesting period. At the grant date of 1 July 20 11 the fair value of the share price is expected to be $7. At 1 July 2011 the fair value of each option is determined as being $5. During the reporting period 30 June 2012, 15 employees resigned from the company. Coogee Limited estimates that a further 30 employ will leave before the options expires. At 30 June 2012 the company's share price had dropped to $5.5 and, as a result, Coogee decides to reprice its options. The options will retain the same vesting date, this being 30 June 2014. At the date of repricing the options Coogee estimates-by virtue of an options pricing model that the fair value of each of the original share options granted before taking into consideration the repricing is $3. The repriced share options are considered to have a value of $5. At 30 June 2013 a further 30 employees have resigned and the company expects a further 20 employees to resign before the options entitlements vest. By 30 June 2014, a further 30 employees had resigned during the reporting period ended 30 June 2014. Calculate the remuneration expense and present journal entries that would appear in the records of Coogee Limited for the reporting periods ending 30 June 2012. 30 June 2013 and 30 June 2014