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30 Restricted stock was awarded to executives of Tango Inc. Under the plan, the company granted 30 million shares on January 1, 2021, which vest
30 Restricted stock was awarded to executives of Tango Inc. Under the plan, the company granted 30 million shares on January 1, 2021, which vest in four years. The fair value of the shares is $14.1. No forfeitures are anticipated. Ignore taxes. Required: 1. Determine the total compensation cost pertaining to the restricted stock. 2. & 3. Prepare the appropriate journal entries (if any). points 8 0152:56 Complete this question by entering your answers in the tabs below. Regi Reg 2 and 3 Prepare the appropriate journal entry (if any). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (1.e., 5,500,000 should be entered as 5.50).) View transaction list > Record the award of restricted stock on January 1, 2021. 2 Record compensation expense on December 31, 2021. Credit
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