On January $1,2016,$ Roberts Company adopts a compensatory share option plan and grants $40$ executives $1,000$ shares each at $$30$ a share. The fair value per option is $$7$ on the grant date. The company estimates that its annual employee turnover rate during the service period of three years will be $4\%.$ At the end of $2017,$ the company estimates that the employee turnover will be $5\%$ a year for the entire service period. The compensation expense for $2017$ will be $($Round your answer to the nearest whole dollar.$)$