WeiserCorp. on January 1, 2015, granted stock options for 60,000 shares of its $10 par value common stock to its key employees. The market price of the common stock on that date was $23 per share and the option price was $20. The Black-Scholesoption pricing model determines total compensation expense to be $630,000. The options are exercisable beginning January 1, 2018, provided those key employees are still inWeisersemploy at the time the options are exercised. The options expire on January 1, 2019.The amount of compensation expenseWeisershould record for 2017 under the fair value method is