CALCULATOR FULL SCREEN PRINTER VERSION BACK Multiple Choice Question 75 On January 1, 2017, Sheffield Corp. established a stock appreciation rights plan for its executives. It entitled them to receive cash at any time during the next four yel the difference between the market price of its common stock and a pre-established price of $20 on 120000 SARS. Current market prices of the stock are as follows: January 1, 2017 $35 per share December 31, 2017 38 per share December 31, 2018 30 per share December 31, 2019 33 per share Compensation expense relating to the plan is to be recorded over a four-year period beginning January 1, 2017 What amount of compensation expense should Sheffield recognize for the year ended December 31, 2017