Hi! can you help me solve this problem? it is all about share appreciation rights.. thank you..

On January 1, 2018, an entity grantedto its chiefoperations officers the right to choose either 5,000 ordinary sharesor to receive cash payment equal to 4,000 shares. The grant is conditional upon completion of two years of service. The entity estimatesthat the valueof the share alternativeat thedate of grant is P60 per share. Par value per share is P40.

The fair values per share at January 1, 2018 December 31, 2018 and December 31, 2019 are P65, P68 and P72, respectively.

The officer exercised his rights on June 30, 2020 when the market priceof each share is P75.

Required:

Entries to record the above transactions.