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Exercise 16-29 (Part Level Submission) On December 31, 2016, Coronado Company issues 130,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. The fair value of the SARS is estimated to be $5 per SAR on December 31, 2017; $2 on December 31, 2018; $10 on December 31, 2019; and $9 on December 31, 2020. The service period is 4 years, and the exercise period is 7 years. (a) Prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan. (If the compensation decreases from prior year enter the amount as a negative number in the table e.g. -25,000 or (25,000).) Percentage Compensation Expense Expense Expense Expense Date Fair Value Cumulative Compensation Recognizable Accrued Accrued to Date 2017 2020 12/31/17 % 2018 2019 12/31/18 % 12/31/19 % 12/31/20