On July $1,20$X$1,$ Amos Corporation granted nontransferable, nonqualified stock options to certain key employees as additional compensation. The options permit the purchase of $20,000$ shares of Amos's $\backslash (\backslash$$ $1\backslash )$ par common stock at a price of $\backslash (\backslash$$ $32\backslash )$ per share. On the grant date, the stock's market value was $\backslash (\backslash$$ $32\backslash )$ per share. The options were exercisable beginning July $1,20$X$5,$ and expire on July $1,20$X$9.$ On February $3,20$X$7,$ when the stock was selling for $\backslash (\backslash$$ $53\backslash )$ per share, all options were exercised. Amos's tax rate is $\backslash (21\backslash \%\backslash ).$ Amos has a December $31$ year$-$end for financial reporting purposes.

Required:

$1.$ How much compensation expense should Amos record in $\backslash (20\backslash$times $1\backslash )$ and $\backslash (20\backslash$times $2\backslash )$ if the options are worth $\backslash (\backslash$$ $15\backslash )$ per share on the grant date?

$2.$ Compute the tax benefit that Amos will receive in $20$X$7$ when the employees exercise the options.