On Aug 3, 2019, Gamma Co. enters into a forward contract to buy 50,000 Euros (EUR) for $ 7,600 Canadian (CAD) on September 1, 2019. On August 31, 2019, 50,000 EUR can be purchased for $7,000 CAD. On September 1, Gamma Co. settles the contract but doesn't take delivery of the EUR. The entry to record the change in value of the contract on August 31, 2019 is O Dr. Other Comprehensive Loss - $500 // Cr. Derivatives-Financial Assets/Liabilities - $600 O Dr. Derivatives-Financial Assets/Liabilities - 5600 // Cr. Gain or Loss on Derivatives - $600 O Dr. Gain or Loss on Derivatives - S600 // Cr. Derivatives-Financial Assets/Liabilities - 5600 O No Entry On Jan 1, 2019, for past services provided, Hercules co. granted Natalie Wright, its VP Finance, 36,000 "stock appreciation rights" (SARs) that may be immediately exercised and expire on January 1, 2020. On exercise, Wright is entitled to receive cash for the excess of the market price of the shares on the exercise date over the market price on the grant date. Wright did not exercise any of the rights during 2019. The market price of Hercules Co.'s shares was $31 on January 1, 2019, and $41 on December 31, 2019. As a result of the stock appreciation nights, Hercules Co. should recognize compensation expense for 2019 of 30 O $1,260,000 O $360,000 $1,620,000