Mitchell Ltd grants 60 share options to each of its 200 employees. Each grant is conditional on the employee working for the company for the 3 years following the grant date. On grant date, the fair value of each share option is estimated to be $18. On the basis of a weighted average probability, the company estimates that 15% of its employees will leave during the 3-year vesting period.

During year 1, 12 employees leave and the company revises its estimate of total employee departures over the full 3-year period from 15% to 18%.

Required 

Prepare a schedule setting out the annual and cumulative remuneration expense for year 1.