Pacific Trading Co$.$ has a SARs program for managers. These individuals receive a cash payment after three years of service,

calculated as the excess of share price over $$10.$ In early $203,$ the $30$ members of the management team in total are granted $22,500$

units in the program. The payment is made at the end of $20$X$5.$ Data on estimated and actual retention are:

The fair value of one SARs unit is estimated at $$3$ at the end of $203$ and $$10$ at the end of $204.$ The actual share is $$18$ at the

end of $20$X$5.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Required:

Provide the entry to record compensation expense in each year of the SARs plan, including the entry for cash payment in $20$X$5.($If

no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate

calculations. Round your final answers to the nearest whole dollar amount.$)$