Allied Paper Products, Incorporated offers a restricted stock award plan to its vice presidents. On January $1,2024,$ the company granted $36$ million of its $$1$ par common shares, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $$7$ per share on the grant date.

Required:

Determine the total compensation cost pertaining to the restricted shares.

Prepare the appropriate journal entries related to the restricted stock through December $31,2025.$