Assume the same information in Brief Exercise 21-29 except that in 2021, management's view changed in that it now does not believe that it was probable that the company will achieve the specified performance targets defined in the performance share option plan. Record any entry required in 2021 based upon the estimate change.

Exercise 21-29

Through a performance share option plan, Anderson Inc. granted executives and other key employees share option awards where vesting is contingent upon meeting company-wide performance goals, including decreasing time for a new product launch and specified sales targets. The options vest over a three-year period (considered the requisite service period) and expire in 6 years. The company granted 10,000 options on January 1,2020 , for the purchase of 10,000 shares at \(\$ 30\) per share. The company estimates the fair value of the options to be \(\$ 3\) per share based upon an option-pricing model. Management believes it is probable that the company will achieve the specified performance targets defined in the performance share option plan. Record compensation expense (if any) for 2020.