1. Oman Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan, the company, on January 1, 2011, granted 2 million of its $1 par ordinary shares to various division managers. The shares are subject to forfeiture if employment is terminated within 4 years. The ordinary shares have a market price of $20 per share on the award date. The exercise price is estimated as of $10. Required: a. Prepare the appropriate journal entry to record compensation expense on December 31, 2011. [1 mark] b. Suppose a 15% forfeiture rate incurred during 2012. Prepare journal entry to record compensation expense on December 31", 2012. [1 mark] c. Prepare the journal entry to record the lifting of restriction on the shares after the fourth year. [1 mark]