On January 1, 2013, Sampress Company adopts a compensatory share option plan for its 50 executives. The plan allows each executive to purchase 200 shares of its $2 par common stock for $30 per share after completing a 3-year service period. Sampress estimates the value of each option to be $14 on the grant date and the company expects that 15% of the options will be forfeited and uses this rate in its compensation cost calculations in 2013. At the end of 2015, Sampress determined that the actual turnover was 7 executives for the entire service period. On January 6, 2016, 8 executives exercise their options.

Required:

1. Prepare a schedule of the Sampress's compensation computations for its compensatory share option plan for 2013 through 2015 (round all computations to the nearest dollar).

2. Prepare Sampress's memorandum entry on the grant date and journal entries for 2013 through 2016 in regard to this plan.