Minos Corp. grants 100 cash share appreciation rights (SARs) to each of its 500 employees, on condition that the employees remain in its employ for the next three years. During year 1, 35 employees have left. The entity estimates that a further 60 will leave during years 2 and 3. During year 2, 40 employees have left and the entity estimates that a further 25 will leave during year 3. During year 3, 22 employees have left. At the end of year 3, 150 employees exercised their SARS, another 140 employees exercised their SARs at the end of year 4 and the remaining 113 employees exercised their SARs at the end of year 5. The entity estimates the fair value of the SARS at the end of each year in which a liability exists as shown below. At the end of year 3, all SARs held by the remaining employees vested. The intrinsic values of the SARS at the date of exercise (which equal the cash paid out) at the end of years 3, 4 and 5 are also shown below. Year Intrinsic Value Fair Value 14.40 1 2 3 15.50 18.20 21.40 15.00 4 20.00 5 25.00 Determine the amount of compensation recognized for each year and amount of liability reported at the end of each year