Straw Ltd.prepares its financial statements in accordance with IFRS. On January 1,2025, Straw Ltd. established a stock appreciation rights (SARS) plan for its executives, details of which are below: 10,000 SARS were granted Each SAR entitles the executives to receive cash equal to the difference between the market price of thecommon shares and a pre- established base price of $16 The vesting period is two years On January 1,2028 all SARS are exercised Date Dec 31, 2025 $ Fair Value of each SAR Market price of shares 5.00 $ 19.00 Dec 31, 2026 $ 2.00 $ 16.50 Dec 31, 2027 $ 3.00 $ 18.00 Jan 1, 2028 S 4.00 $ 19.00 Required: What is the amount recorded to the Liability Under SAR account on the exercise of the options on January 1, 2018