1 0.6 points On January 1, 2021. Tru Fashions Corporation awarded restricted stock units (RSU) representing 10 million of its $1 par common shares to key personnel, subject to forfeiture If employment is terminated within three years. After the recipients of the RSUS satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $7.50 per share Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate Journal entry to record the award of RSUs on January 1, 2021. 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021 4. Prepare the appropriate Journal entry to record compensation expense on December 31, 2022 5. Prepare the appropriate Journal entry to record compensation expense on December 31, 2023, 6. Prepare the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023. 201408 Scope Complete this question by entering your answers in the tabs below. Print Rea 1 Reg 2 to 6 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions rounded to 1 decimal place le 5,500,000 should be entered as 5.5).) References Total compensation cout million Meg 2 tad > Magnetic-Optical Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock unit plan, the company on January 1, 2021, granted restricted stock units (RSU) representing 6 million of its $1 par common shares to various division managers. The shares are subject to forfelture If employment is terminated within three years. The common shares have a market price of $28.50 per share on the grant date. Management's policy is to estimate forfeitures. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. Prepare the appropriate journal entry to record the RSUS on January 1, 2021 3. Prepare the appropriate journal entry to record compensation expense on December 31, 2021. 4. Suppose Magnetic-Optical expected a 10% forfelture rate on the RSUs prior to vesting. Determine the total compensation cost. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Reg 4 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions (.e., 10,000,000 should be entered as 10).) Total compensation cost million Reg 2 and 3