On january 1, 2018, ellison company granted sam wine, an employee, an option to buy 1,000 shares of ellison co. stock for $30 per share, the option exercisable for 5 years from date of grant. using a fair value option pricing model, total compensation expense is determined to be $6,000. wine exercised his option on october 1, 2018 and sold his 1,000 shares on december 1, 2018. quoted market prices of ellison co. stock in 2018 were:
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