Problem 3.0n December 31,2013, Santiago |nc.'s ordinary shares were selling for P55 per share. 0n this date. the company creates a compensatory share option plan for its 20 employees. The plan document states the each employee may purchase 500 shares of its P20 par ordinary shares at P35 per share after one year if revenues reach P15M. after 2 years if revenues reaches P13M, or after three years if revenues reach P20M. On this date. based on a reliable option pricing model. Santiago Inc. estimates that each option which can be emrcised up to 2023 under condition that the employee is still within the employ of the company, has a fair value of P13. The company has experience a stable 25% increase in revenues for the past 5 years and reasonably expects the same trend for the upcoming years. The following are available from the company's records: Year actual remaining expected Revenues employees additional Earned at year end employee Resignation 201? P14.5M $3 3 2020 P115M 65 5 2021 P20.5M I53 Forty-ve employees exercised their vested options on June 15,2022 while three employees resigned on the same year without exercising their options, thus were fortied. Required: 1. What is the compensation expense related to the share option plan to be recognized in the 2019 na ncial statement? a. 315,000 c. 20?,000 b. 2?0,000 d. 90,000 2. What is the compensation expense related to the share option plan to be recognized in the 2020 na ncial statements? a. 315,000 c. 20?,000 b. 220,000 d. 90,000 3. What is the balance of the additional paid-in capital account related to the share options as of December 31,2021?I a. 202,000 c. 5151000 b. 540,000 d. 530,000 4. What is the balance of the ordinary share option outstanding account as of December 31,2022?I a. 135,000 c. 2?0,000 b. 162,000 d. 405,000 5. What is the resulting share premium from the issuance of shares from the exercise of the employee options? a. 405,000 c. ?42,500 b. 432,000 d. E??.500