View previous attempt On January 1, 2024, Sherwood Company granted 91,000 stock options to certain executives. The options are exercisable no sooner than December 31, 2026, and expire on January 1, 2030. Each option can be exercised to acquire one share of $1 par common stock for $9. An option-pricing model estimates the fair value of the options to be $4 on the date of grant If unexpected turnover in 2025 caused the company to estimate that 10% of the options would be forfeited, what amount should Sherwood recognize as compensation expense for 2025? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Multiple Choice $45.500 $121,333 $30.333 $97067