Exhibit 15-4 on January 1, 2014, Masters, Inc

Multiple Choice

Exhibit 15-4 On January 1, 2014, Masters, Inc., grants a compensatory share option plan to 15 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 a share after a three-year service period. The value of each option is estimated to be $9. The company estimates it will have an annual 3% employee turnover rate during the service period.
-Refer to Exhibit 15-4. By how much has contributed capital increased as of the beginning of 2017?

A) $ 0
B) $ 41,070
C) $135,000
D) $123,211