QUESTION 24 On January 1, 20X4, a publicly accountable entity provided a stock appreciation right plan (SARs) to its employees. A total of 3,000 SARs were awarded. The SARS vest on December 31, 20x5 and expire on December 31, 20x7. The benchmark price of the underlying shares was $50.00. At grant date (January 1, 20X4) the company estimated that 78% of the SARs would vest. On December 31, 20x4, it updated that estimate to 80%.75% of the SARS eventually vested. Based on the information that follows, what is the compensation expense for the year ended December 31, 20X5? Date Fair value of one SAR Share price January 1, 20X4 $5.80 December 31, 20X4 $6.75 $51.00 December 31, 20X5 $5.25 $52.00 a. $3,713 5.$4,387 $3,300 d $5,625