On January 1, 2013, Orr Co. established a stock appreciation rights plan for its

On January 1, 2013, Orr Co. established a stock appreciation rights plan for its executives. They could receive cash at any time during the next four years equal to the difference between the market price of the common stock and a preestablished price of $17on 400,000 SARs. The market price is as follows: 12/31/13-$22; 12/31/14-$18; 12/31/15-$20; 12/31/16-$21. On December 31, 2015, 70,000 SARs are exercised, and the remaining SARs are exercised on December 31, 2016. Prepare a schedule that shows the amount of compensation expense for each of the four years starting with 2013. .) Schedule of Compensation Expense Date Market Price Set Price Value of SARs Percent Accrued Accrued to Date Expense 12/31/13 $ $ $ % $ $ 12/31/14 % 12/31/15 % 12/31/16 % $ $