On January 1, 2013, Orr Co. established a stock appreciation rights plan for its executives. They could receive cash at any time during the next four years equal to the difference between the market price of the common stock and a preestablished price of $16on 430,000 SARs. The market price is as follows: 12/31/13-$21; 12/31/14-$17; 12/31/15-$19; 12/31/16-$20. On December 31, 2015, 60,000 SARs are exercised, and the remaining SARs are exercised on December 31, 2016. Collapse question part (a) Prepare a schedule that shows the amount of compensation expense for each of the four years starting with 2013. (If the compensation decreases from prior year enter the amount as a negative number in the table e.g. -25,000 or (25,000).)

Date Market Price Set Price Value of SARs Percent Accrued Accrued to Date Expense

12/31/13

12/31/14

12/31/15

12/31/16