On June 30,2021 , Sheffield Corp. granted compensatory stock options for 24000 shares of its $24 par value common stock to certain value option pricing model, total compensation expense is determined to be $100000. The options are exercisable beginning January 1, 2023, providing those key employees are still in the employ of the company at the time the options are exercised. The options on June 30,2024. On January 4, 2023, when the market price of the stock was $35 per share, all options for the 24000 shares were exercised. The service period is for two years beginning January 1, 2021. Using the fair value method, what should be the amount of compensation expense recorded by Sheffield Corp. for these options on December 31, 2021? $100000$50000$0$23438