12. Jane Company has granted 200 share appreciation rights to each of its 300 employees on January 1, 2012. The rights are due to vest on December 31, 2013, with payment being made on December 31, 2014. During the year 2012, the company estimated that all options would vest; although only 90% of the options actually vested. Share prices are listed in the table below. What liability will be recorded on December 31, 2012 as a result of the share appreciation rights? 72 points January 1, 2012 December 31, 2012 December 31, 2013 December 31, 2014 a. P108,000 b. P120,000 c. P189,000 d. P270,000 e. PO P20 24 27 27 30