As part of its stock-based compensation package, on January 1, 2024, International Electronics granted restricted stock units (RSUs) representing 190 million $1 par common shares. At exercise, holders of the RSUs are entitled to receive cash or stock equal in value to the market price of those shares at exercise. The RSUs cannot be exercised until the end of 2027 (vesting date) and expire at the end of 2029. The $1 par common shares have a market price of $6 per share on the grant date. The fair value at December 31, 2024, 2025, 2026, 2027, and 2028, is $8, $6, $8, $5, and $6, respectively. All recipients are expected to remain employed through the vesting date. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. Required: 1. to 3. Prepare the appropriate journal entries pertaining to the RSUs on January 1, 2024 and December 31, 2024-December 31, 2027. The RSUs remain unexercised on December 31, 2028, prepare the appropriate entry. 4.The RSUs are exercised on June 6, 2029, when the share price is $6.50, and executives choose to receive cash. Prepare the appropriate journal entry(s) on that date. Journal entry worksheet 1 2 3 4 LO 5 6 Record any necessary journal entry on December 31, 2024 when the fair value of the RSUs is estimated at $8 per RSU. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2024 Compensation expense Liability - RSUs Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 Record any necessary journal entry on December 31, 2025 when the fair value of the RSUs is estimated at $6 per RSU. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2025 Compensation expense Liability - RSUS Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 Record any necessary journal entry on December 31, 2026 when the fair value of the RSUs is estimated at $8 per RSU. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2026 Compensation expense Liability - RSUs Record entry Clear entry View general journal > Journal entry worksheet > 1 2 3 4 5 6 Record any necessary journal entry on December 31, 2027 when the fair value of the RSUs is estimated at $5 per RSU. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2027 Liability - RSUs Compensation expense Record entry Clear entry View general journal > Journal entry worksheet 1 2 3 4 5 6 Record any necessary journal entry on December 31, 2028 when the fair value of the RSUs is estimated at $6 per RSU and the RSUS remain unexercised. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2028 Compensation expense Liability - RSUS Record entry Clear entry View general journal Journal entry worksheet 1 2 Record any necessary adjustment to compensation expense. Note: Enter debits before credits. Date General Journal Debit Credit June 06, 2029 Compensation expense Liability - RSUs Record entry Clear entry View general journal