Part A Accounting for share based payment

At the beginning of 2019, Callala Bay Ltd grants 10000 share options to a senior marketing executive, conditional on that executive remaining in the company's employ until the end of 2021. The share options cannot be exercised unless the share price has increased from S20 at the beginning of 2019 to above $30 at the end of 2021. If the share price is above $30 at the end of 2019, the share options can be exercised at any time during the following 5 years. Callala Bay Ltd applies a binomial option-pricing model that takes into account the possibility that the share price will exceed 530 at the end of 2021 and the possibility that the share price will not exceed $30 at the end of 2021. The fair value of the share options with this market condition is estimated to be $14 per option

Required

Calculate the annual and cumulative remuneration expense to be recognized by Callala Bay Ltd for 2019?