Swifty Corporation on January 1, 2015, granted stock options for 51000 shares of its $10 par value common stock to its key employees. The market price of the common stock on that date was $25 per share and the option price was $20. The Black-Scholes option pricing model determines total compensation expense to be $624000. The options are exercisable beginning January 1, 2018, provided those key employees are still in Swifty's employ at the time the options are exercised. The options expire on January 1, 2019. The amount of compensation expense Swifty should record for 2017 under the fair value method is $104000. O $0. $312000 $208000. On June 1, 2018, Sunland & Sons sold equipment to James Landscaping Service in exchange for a zero-interest bearing note with a face value of $116400, with payment due in 12 months. The fair value of the equipment on the date of sale was $94800. The amount of revenue to be recognized on this transaction in 2018 is O $21600. $94800. $94800 sales revenue and $12600 interest revenue. $116400