Problem 2 You are working on the December 31, 20x4 year-end of the Fraser Corporation. The company has four stock option plans outstanding as of this date. Details on each of the plan is as follows: Fair Value Vesting Exercise Plan # # of Options on Grant Period Period Exercise Grant Date Date Ends Ends Price S1003 50,000 Aug 31, 20x1 $300,000 Aug 31, Aug 31, $13 20x4 20x5 S1004 110,000 Apr 30, 20x2 510,000 Apr 30, Apr 30, $16 20x5 20x6 S1005 80,000 May 31, 20x3 430,000 May 31, May 31, $12 20x5 20x6 S1006 65,000 Feb 28, 20x4 355,000 Aug 31, Aug 31, $18 20x6 20x7 The contributed surplus balances at the beginning of the year and the estimated % vesting as at December 31, 20x4 are as follows: Contributed Surplus Estimated % Balance as at vesting as at Plan # December 31, 20x3 December 31, 20x4 S1003 $212,000 N/A S1004 S1005 263,156 106,483 91% 85% S1006 90%