On January 2, 2014, Stoner Corp. granted stock options to key employees. The plan allowed one option to be used to purchase one share of stock for $32 per share at the time of exercise. The company granted 60,000 options related to 60,000 shares of $25 par common stock. The market price and exercise price of the stock on the grant date were both $32. FMV of the options was determined to be $7 each. The service period over which compensation expense must be recognized is two years. All options were exercised on December 31, 2015, and none were allowed to expire. What is the amount of compensation expense that Stoner will record at December 31, 2014?