2 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 (RSUS) representing 12 million of its $1 par common shares to various division managers. The shares are subject to forfeiture if employment is terminated within three years. The common shares have a market price of $15.00 per share on the grant date. Management's policy is to estimate forfeitures. O points 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% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. eBook Print Complete this question by entering your answers in the tabs below. References Reg 1 Reg 2 and 3 Reg 4 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total compensation cost million Re Req 2 and 3 > Reg 1 Reg 2 and 3 Req 4 ats Prepare the appropriate journal entries. (If no entry is required for a transaction/event, select "No journal entry required account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) eBook View transaction list Print Journal entry worksheet 1 2 eferences Record the award of restricted shares on January 1, 2021. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal View general journal Print Journal entry worksheet 2 eferences Record compensatia expense on December 31, 2021. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal 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% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost ok t Complete this question by entering your answers in the tabs below. nces Reg 1 Reg 2 and 3 Reg 4 Suppose Magnetic-Optical expected a 10% forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Total compensation cost million