Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2018, the company granted 25 million of its $1 par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $8 per share on the grant date.

4.

Required 1Required 2 Determine the total compensation cost pertaining to the restricted shares. (Enter your answer in millions (ie, 10,000,000 should be entered as 10).) million Total compensation cost Import a new list 1 Record the compensation expense 2 Record the compensation expense. 3 Record issuance of stock award