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 the common shares and a pre-established base price of $16. The vesting period is two years. On January 1,2028 all SARs are exercised The values of the SARs are as follows: Date Fair Value of each SAR Market price of shares Dec 31, 2025 $ 5.00 $ 19.00 Dec 31, 2026 $ 2.00 $ 16.50 Dec 31, 2027 $ 3.00 $ 18.00 Jan 1, 2028 $ 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, 2028. 

Enter a number only please. No $ or +/

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