On January 1, 2020, Crane 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 $15 on 360,000 SARS. The market price is as follows: 12/31/20-$20, 12/31/21-$16: 12/31/22-$18:12/31/23-$19.On December 31, 2022 70.000 SARs are exercised and the remaining SARS are exercised on December 31, 2023