On January 1, 2021, a company granted 36,000 stock options to top executives. The options become exercisable on January 1, 2025, and expire on December 31, 2027. Each option can be exercised to acquire one share of $1 par common stock for $15. An option- pricing model estimates the fair value per option to be $8 on grant date Unexpected turnover in 2022 resulted in the forfeiture of 20% of the options. What amount will be recognized as compensation expense in 2022? (Click to select)

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