On January 1, 20x4, a company initiated a Share Appreciation Plan for its employees. The vesting period ended on December 31, 20x5. A total of 30,000 SAR's were issued. At December 31, 20x4, the company estimated that 24,000 SAR's would vest. At December 31, 20x5, the actual number of SAR's that vested were 22,600. A total 9,500 SAR's were also exercised on December 31, 20x5. The cash payment was debited to Administrative expenses. The SAR liability at December 31, 20x4 was properly calculated and is included in Accounts payable and accrued liabilities. The fair value and intrinsic value of the SAR's is as follows: Date Fair Value Intrinsic Value Dec 31, 20x4 $14 Dec 31, 20x5 17 $12.80 Required Prepare the journal entry/entries to record compensation expense at December 31, 20x5