On January $2,2025,$ for past services rendered, Carla Vista Corp. granted Sharon Lee, its president, $31000$ stock appreciation rights

that are exercisable immediately and expire on January$-2,2026.$ On exercise, Lee is entitled to receive cash for the excess of the

market price of the stock on the exercise date over the market price on the grant date. Lee did not exercise any of the rights during

The market price of Carla Vista's stock was $$20$ on January $2,2025,$ and $$35$ on December $31,2025.$ As a result of the stock

appreciation rights, Carla Vista should recognize compensation expense for $2025$ of

$$124000$

$$930000$

$$465000$

$$0$