Wigan Ltd Grants 100 Options to Each of Its 80

Multiple Choice

Wigan Ltd grants 100 options to each of its 80 employees on 1 July 2009.The fair value of each option at grant date is $20.The vesting conditions allow shares to vest if the following performance targets are achieved:
$$\begin{array} { | l | l | } \hline \text { Year ending } 30 \text { June } & { \text { Condition } } \\\hline 2010 & \text { If earnings have increased by } > 18 \% \\\hline 2011 & \begin{array} { l } \text { If earnings have increased by } > 13 \% \text { averaged across } \\\text { the 2 year period }\end{array} \\\hline 2012 & \begin{array} { l } \text { If earnings have increased by at least } 10 \% \text { averaged } \\\text { across the 3 year period }\end{array} \\\hline\end{array}$$
The following information is available:

In accordance with AASB 2,how much employee benefits expense related to the share option issue should Wigan Ltd recognise for the year ended 30 June 2012?

A) $36 667
B) $44 667
C) $46 667
D) $48 000