On January $1,2024,$ Sherwood Company granted $96,000$ stock options to certain executives. The options are exercisable no sooner than December $31,2026,$ and expire on January $1,2030.$ Each option can be exercised to acquire one share of $$1$ par common stock for $$10.$ An option$-$pricing model estimates the fair value of the options to be $$4$ on the date of grant.If unexpected turnover in $2025$ caused the company to estimate that $15\%$ of the options would be forfeited, what amount should Sherwood recognize as compensation expense for $2025?$Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.Multiple Choice$$32,000$$$48\mathrm{.}000$$$89\mathrm{.}600$$$128\mathrm{.}000$esc$\%$@$234<$ Prev$611$