Question Two 2 On 1 January 20X1 Kindly sets up a cash-based payment to each of its 100 employees, on condition that they continue to work for the entity untl 31 December 20X3. Each employee has been allocated 100 shares and will receive a payment in cash if the share price exceeds R10 on 31 December 20X3, of the amount by which it exceeds R10. During 20X1, 5 employees leave. The entity estimates that a further 12 will leave during 20X2 and 20X3. During 20X2, 10 employees leave. The entity estimates that a further 15 will leave during 20X3. During 20X3, 18 employees leave. The fair value per right at the reporting date for each year are shown below Required: Calculate the expense that would be recognised in the statement of profit or loss and the liability that would be recognised in the statement of financial position at the reporting date in each of the three years ended 31 December 20X1, 20X2 and 20X3. 2 9 2 20X1 20X2 20X3 1.00 2.00 4.00