On January 1, Year 1, Pancit Company offered the top management share appreciation right with the following terms: Predetermined price- P100 per share Number of shares- 50,000 shares Service period- 3 years Exercise date- January 1, Year 4 The quoted prices per share are 100, 124, 151 and 151 on January 1, Year 1, December 31, Year 1, December 31, Year 2 and December 31, Year 3, respectively. What amount should be charged to compensation expense for Year 3 as a result of the share appreciation right? *CC OO O 850,000 2,550,000 1,300,000