Razor's 60th birthday is on 1 January 2020. His salary for the year ended 31 December 2020 is P400,000. At the 31st of December 2020 the entity made the following actuarial assumptions: Razor's salary should increase by 6 percent (compound) each year. The appropriate discount rate is 10 percent per year. Requirements: 1. What is the expected final salary of Razor? 2. What is the projected benefit obligation on December 31, 2022? 3. What amount of total employee benefit expense will be recognized in 2021? 4. What amount of total employee benefit expense will be recognized in 2022?