On January 1, 2019, Maslow Co. granted 3,000 rights to each of its 50 employees, provided that they will stay in the company's employ for the three-year vesting period. The rights can be exercised immediately when vested, and can be exercised until two years after the vesting period. Pertinent information regarding the cash-settled share-based agreement in 2019 and 2020 follows: Year Employees who left Estimated number of employees who will leave Fair value of each right, December 31 3 7 2019 2020 P18.00 P19.50 2 3 120,000 rights vested on December 31, 2021. Pertinent information from 2021 to 2023 follows: Year Number of rights exercised 30,000 40,000 50,000 Fair value of each right, December 31 P21.00 P22.40 2021 2022 2023 Cash payment per right P20 P22 P24 1. Determine the carrying amount of the liability under share appreciation rights at the end of each year from 2019 to 2023. 2. Determine the salaries expense from 2019 to 2023