On January 1, year 1, Rodriguez Corp. granted stock options to corporate executives for the purchase of 10,000 shares of the company's $20 par value common stock at 70% of the market price on the exercise date, December 30, year 1. On January 1 year 1, no market price or estimate could be made for the value of the options. All stock options were exercised on December 30, year 1. The quoted market prices of Rodriguez Corp's $20 par value common stock were as follows: January 1, year 1 $50 per share December 30, year 1 $60 per share As a result of the exercise of the stock options and the issuance of the common stock, Rodriguez should recognize compensation expense in year 1 of O $180,000 O $200,000 O $500,000 O $600,000