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Altied Paper Products, Incoiporated offers a restricted stock award plan to its vice presidents, On January 1, 2024, the company. granted 15 milifion of its

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Altied Paper Products, Incoiporated offers a restricted stock award plan to its vice presidents, On January 1, 2024, the company. granted 15 milifion of its $1 par common shares, subject to forfeiture if employment is terminated within two years. The commont shares heve a market price of $6 per share on the grant date. Required: 1. Determine the fotal compensation cost pertaining to the restricted shares. 2. Prepore the approprlate journal enitries related to the restricted stgck through December 31,2025 Complete this question by entering your answers in the tabs beiow. Dettermine the totai compensabion cost pertaining to the restricted shares. Niote: Enter your answerin millions (i.e, 10,000,000 thould be entered as 10 ). Allied Paper Products, Incorporated offers a sestricted stock award plan to its vice presidents, On January 1,2024, the company. granted 15 milition of its $1 par common shares, subject to forfeiture if employment is terminated within two years. The common shares hawe a market price of $6 per shore on the grant date. Required: 1. Determine the total compensotion cost pertaining to the restricted shafes. 2. Prepare the appropriate journal entries related to the restricted stgck through December 31,2025 Complete this question by entering your answers in the tabs below. Prepare the approprlate journal entries reloted to the restricted stock through December 31,2025. Journal entry worksheet 23

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