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CU. On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUs) representing 32.1 million of its $1 par common sharesto key officers, subject to
CU. On January 1, 2021, Cobbler Corporation awarded restricted stock units (RSUs) representing 32.1 million of its $1 par common sharesto key officers, subject to forfeiture if employment isterminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. On the grant date, the shares had a market price of $4.4 per share. Required: 1. Determine the total compensation cost pertaining to the RSUS. 2. to 6. Prepare the appropriate journal entries. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 to 6 Determine the total compensation cost pertaining to the RSUS. (Enter your answer in millions rounded to 2 decimal places (ie, 5,500,000 should be entered as 5.50). Total.compensation cost million Reg 1 Req 2 to 6
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