On $1/1/2024,$ the Petty Company granted $90,000$ stock options to certain executives The options are exercisable no sooner than $12/31/2026,$ and expire on $1/1/2030.$ Eac option can be exercised to acquire one shares of $$1$ par common stock for $$12.$ An option$-$pricing model estimates the fair value of the options to be $$5$ on the date of grant. What amount should the Petty Company recognize as compensation expense for $2024?$ a$)$ $$450,000.$ b$)$ $$30,000$ c$)$ $$60,000.$ d$)$ $$150,000$