Problem 24-26 (IAA) On January 1, 2020, Greece Company granted an employee an option to buy 20,000 shares for P40 per share, the option exercisable for three years from January 1, 2022. The service period is for two years beginning January 1, 2020. Using a fair value option pricing model, total compensation expense is determined to be P240,000. The employee exercised the option on September 1, 2022, and sold the 20,000 shares on December 1, 2022. What amount should be recognized as compensation expense for 2020? a. 240,000 120,000 160,000 80,000