On January 1, 2014, Masters, Inc., grants a restricted stock unit plan to 15 of its executives. The plan awards each executive to 1,000 shares of its $1 par common stock upon vesting after a 3 year requisite service period. The market value of the stock on the grant date is $9. The company anticipates that 1 employee will forfeit stock units and records compensation expense based on estimated forfeitures. What is the compensation expense for the year ended December 31, 2015 assuming there is no change in the estimated turnover rate?

$ 0

$ 42,000

$126,000

$45,000