20. On January 1, 20X1, Tatag Company granted to an employee the right to choose either: O Share alternative equal to 50,000 shares with a par value of P25 Cash alternative or cash payment equal to the market value of 40,000 shares The grant is conditional upon completing three (3) years of service. On January 1, 20X1, the share price is P60. After considering the effects of post-vesting restrictions, the entity has estimated the fair value of the share alternative at P51 per share. The share prices are P63, P72, and P69 on December 31, 20X1, December 31, 20X2 and December 31, 20X3 respectively. What amount of compensation expense should be recorded for 20X2?