Ivanhoe Limited established a share appreciation rights (SARs) program that entitled its new president, Angela Murfitt, to receive cash for the difference between the Ivanhoe Limited common shares' fair value and a pre-established price of $27 (also fair value on December 31, 2019), on 65,400 SARs. The date of grant is December 31, 2019, and the required employment (service) period is four years. The common shares' fair value fluctuated as follows: December 31, 2020, $30; December 31, 2021, $33; December 31, 2022, $39; December 31, 2023, $30; and December 31, 2024, $42. Ivanhoe Limited recognizes the SARS in its financial statements. Angela Murfitt exercised half of the SARS on June 1, 2025, when the share price was $40. Assume that Ivanhoe follows ASPE. (a) Prepare a five-year (2020 to 2024) schedule of compensation expense pertaining to the 65,400 SARs granted to Murfitt. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Fair Value Pre-estab. Price Difference Number of Rights Total Compensation 2020 $30 $27 $ $ 2021 33 27 2022 39 27 2023 30 27 2024 42 27