On January 1, 2020, Kristen Company established a share appreciation rights plan for the executives. The plan entitled them to receive cash at any time during the next four years for the difference between the market price of the ordinary share and a pre-established price of P20 on 60,000 share appreciation rights or SARs. On December 31, 2022, 20,000 SARs are exercised by executives. Current market prices of the share are as follows: January 1, 2022- P25 per share; December 31, 2020 - P 28 per share; December 31, 2021 - P35 per share; and December 31, 2022 - P30 per share. What amount should be recognized as accrued liability for share appreciation rights on December 31, 2022? *