On January 1, 2017, Bubert Corporation Issues 8,500 Shares of $2

On January 1, 2017, Bubert Corporation issues 8,500 shares of $2 par restricted stock to its key executives. The market value of unrestricted shares of the same stock on the date of issue is $25 and there is a four-year vesting period. What is the amount of deferred compensation recorded on January 1, 2017?

A) $212,500
B) $195,500
C) $17,000
D) $178,500