23 On January 1, 2020, Alaska Inc, issued a total of 1,000 shares of $10 par, restricted common stock to five execu- tives. The fair value of the shares of stock on January 1, 2020, is $60,000. The restricted shares require a vesting period of 3 years, which is the requisite service period, and no forfeitures are anticipated. a. Prepare the journal entry (if any) required on January 1, 2020. b. Prepare the adjusting journal entry required on December 31, 2020, 1A