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On January 1, 2017, a company issued its employees 20,000 shares of restricted stock. On January 1, year 2, the company issued to its employees

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On January 1, 2017, a company issued its employees 20,000 shares of restricted stock. On January 1, year 2, the company issued to its employees an additional 10,000 shares of restricted stock. Additional information about the company's stock is as follows: 9. Date 1/1/2017 12/31/2017 1/1/2018 12/31/2018 Fair Value of Stock (Per share) $20 $22 $25 $30 The shares vest at the end of a four-year period. There are no forfeitures. What amount should be recorded as compensation expense for the 12-month period ended 12/31/2018

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