Palvinder Inc. has an employee share option plan (ESOP) for its senior executives. On January 1, 2020, 20,000 options were granted under this plan. The options had an exercise price of $20 per share, and 100% of the options have vested. Details of the share option plan are as follows:

• When granted, the fair value of the ESOP using an appropriate option-pricing model was $120,000.
• On February 1, 2023, 7,000 options were exercised. The market price of Palvinder’s shares on this date was $24.
• On July 1, 2024, 8,000 options were exercised. The market price of Palvinder’s shares on this date was $28.
• The remaining options were not exercised and expired on December 31, 2025. The market price of Palvinder’s shares on this date was $19.

On December 31, 2025, when the remaining options expired, what amount should have been credited to the contributed surplus — expired share options account? Assume Palvinder reports under ASPE.