Check my work 23 PHN Foods granted 96 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $21 per share on January 1, 2020, the grant date. Required: 10 Py 1. What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021? 2. When calculating diluted EPS at December 31, 2021, what will be the net increase in the weighted average number of common shares with regard to the restricted stock shares if the market price of the common shares averages $21 per share during 2021? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What journal entry will PHN Foods prepare to record executive compensation regarding these restricted shares at December 31, 2020 and December 31, 2021? (If no entry is required for a transaction/event, select "No journal entry required in the first account fleid Enter your answers in milions (e, 10,000,000 should be entered as 10).) View transaction Journal entry worksheet