As part of its stock-based compensation package, on January 1, 2024, International Electronics granted restricted stock units (RSUs) representing 200 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