A company offers a variety of share$-$based compensation plans to employees. Under its restricted stock unit plan, the company on January $1$ of the current year, granted restricted stock units $($RSUs$)$ representing $11$ 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 $$21\mathrm{.}00$ 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 $1$ of the current year.

$3.$ Prepare the appropriate journal entry to record compensation expense on December $31$ of the current year.

$4.$ Suppose the company expected a $10\%$ forfeiture rate on the RSUs prior to vesting. Determine the total compensation cost.