Problem C. Based on the following information, answer the questions that follow. (15 points.) On January 1, 2023, ABC, Inc. initiated four compensation plans for its employees: 1. Granted 25,000 Stock Appreciation Rights (SARS = stock appreciation rights) subject to forfeiture if the president leaves or is fired from the company before December 31, 2026. The company may chose to settle the commitment only with actions. 2. Granted 50,000 restricted common stock units (RSUs) subject to forfeiture if the executive leaves or is terminated from the company before December 31, 2026. The employee can elect to receive the cash instead of the shares upon exercise of the units (RSUs). 3. Granted 100,000 restricted common shares (Restricted Stock Awards) subject to forfeiture if the employee leaves or is terminated from the company before December 31, 2026. 4. He granted 1,000,000 options to his top management. The option allows the manager to purchase the company's stock for $5.00 as long as the employee offers his services during the next four years. In addition, the options will be valid until 2029. The market value of ABC common stock was $5 on 1/1/23 and $7 on 12/31/23. ABC common stock has a par value of $1. The fair value of the SARS on 1/1/23 was $5.5 and on 12/31/23 it was $9 and the fair value of the option on the same date was $15.00. Required: 1.) Compute and itemize the Stock-Based Compensation Expense to be reported by ABC in 2023.