Current Attempt in Progress

On January $1,2024,$ Crane Corp. granted an employee an option to purchase $15000$ shares of Crane's $$5$ par value common stock at

$$18$ per share. The Black$-$Scholes option$-$pricing model determined total compensation expense to be $$341000.$ The option became

exercisable on December $31,2025,$ after the employee completed two years of service. The market prices of Crane's stock were as

follows:

For $2025,$ Crane should recognize compensation expense under the fair value method of

$$170500.$

$$0.$

$$75000.$

$$225000.$