On January $1,2024,$ Blossom, Inc. established a stock appreciation rights plan for its executives. The plan entitled the executives 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 $121000$ SARs. Market prices of the stock are as follows:

January $1,2024$ $$36$ per share

December $31,202439$ per share

December $31,202531$ per share

December $31,202634$ per share

If compensation expense relating to the plan is to be recorded over a four year period beginning January $1,2024,$ what amount of compensation expense should Blossom recognize for the year ended December $31,2024?$

Select answer from the options below, I selected $($a$),$ school says INCORRECT

a$.$ $$2299000$

$b$.468875$

c$.$ $$574750$

d$.$ $$363000$