EcoMotors's disclosure notes for the year ending December 31, 2017, included the following regarding its $0.001 par common stock: Employee Stock Purchase Plan Our employees are eligible to purchase our common stock through payroll deductions of up to 10% of their eligible compensation, subject to any plan limitations. The purchase price would be 90% of the lower of the fair market value on the first and last trading days of each six-month offering period. During the years ended December 31, 2017, 2016, and 2015, we issued 220,771, 163,800 and 220,771 shares under the ESPP for $37.7 million, $28.8 million and $14.0 million, respectively. There were 3,617,749 shares available for issuance under the ESPP as of December 31, 2017. Required: Prepare the journal entry that summarizes EcoMotors's employee share purchases for the year ending December 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the entry for employee share purchase. Note: Enter debits before credits. Credit Debit 37,700,000 Date General Journal December 31, 2017 Cash Compensation expense Common stock Paid-in capital - excess of par