Question: On 1/1/2022, Illini Inc. awarded its key executives 20,000 stock options to purchase 20,000 of its $1 par common shares at $10 per share within the next 5 years, but not before 1/1/2024 (the vesting date). The market price of the stock on 1/1/2022 was $12 per share. The fair value of the options was estimated to be $5 per option on 1/1/2022. On 3/1/2024 when the market price of the stock was $20 per share, all the options were exercised. What is the amount of compensation expense that shall be recorded for 2022?