. On January.' 1. Year 1. Hotdog Inc. granted the president 50.001] share appreciation rights for past service. These rights are exercisable immediatelyr and expire on December 31. Year 2. [in exercise date. the president is entitled to receive cash for the excess of the share market price over the share market price on the grant date. The president did not exercise an}:r of the rights dun'ng Year 1. The market price of the share was P101] on January 1. Year 1 and P115 on December 31. Year 1. The grantee exercised the rights on December 31. Year 2 when the market price was P110. As a result of the share appreciation rights. what amount should be recognized as gain on reversal of share appreciation rights in Year 2? * [L] '1. O tscpm 0 25mm On Q scum]