As an incentive to retain key employees, on January 1, 2020, the board of directors of Master Corp. awarded re- stricted stock awards to 5 executives to acquire 500 shares each under the following terms. Restricted stock awards vest on December 31, 2022. Grantees must remain employed with Master Corp. to receive the common shares of stock for 3 years (the requisite service period) for the shares to be fully vested. Each stock award represents one share of $10 par, common stock of Master Corp. Master Corp. has 10,000 common shares outstanding during 2020. Net income for 2020 was $50,000. On the date of grant, the common shares were trading at $20 per share. During 2020, the average price of common stock was $20. Required a. Prepare the journal entry on the date of grant, January 1, 2020. b. Prepare the journal entry on December 31, 2020. C. Calculate 2020 basic EPS. d. Calculate 2020 diluted EPS